brker_guy Posted December 29, 2011 Share Posted December 29, 2011 "If there is anything I have learned about deadlines this year, is that they don't mean anything. Think about October 7, what a disappointment. There are many other deadlines related to other investments in my portfolio that turned simlarly pathetic." Well, I agree with you on this, Cardboard. However, it will really amaze me if LS2 can get out of the technical mess that it got itself into now with the GPS Community. I would be really shock if the FCC back down on these guys... The catastrophic risk is simply just too high to ignore. Link to comment Share on other sites More sharing options...
Cardboard Posted January 3, 2012 Share Posted January 3, 2012 http://finance.yahoo.com/news/Sprint-gives-LightSquared-30-rb-2132335090.html?x=0 Will it be another 30 day after that too? Cardboard Link to comment Share on other sites More sharing options...
Guest ValueCarl Posted January 3, 2012 Share Posted January 3, 2012 Ben Graham seeks to expose the myths surrounding scarcity at least according to the air we breathe or spectrum travelling inside of it. Touche! <I'd like to expose the artificial value of spectrum. Incumbents comfortable with the status quo will seek to preserve the inflated values of their government-issued licenses.> If the earth's resources are unsustainable, inefficient, as well as scarce, for whom do they benefit most? The Old World Order, this "Status Quo," of course. I agree that some resources are perceived scarce for reasons like Graham points to, while the truly scarce resources must be intelligently managed along with allocated, while constantly innovating to seek better alternatives beyond the self interested, self promoting profiteers, i.e. oil to name one. I can assure you this is not capitalism, however. As a matter of fact, this is a case against the inner workings of "capitalism." For the fools who permeate this board seeking answers, that's right, you can derive the proof of my claim from the "social experiment" which refuses to resemble capitalism known as Level 3 Communications. The whole earth should follow this model based upon "free lunch" or "bandwidth for all" excluding commensurate returns for anyone except The Bankster types, or are they called "bondholders," plus the executive management team with their hand in the till every quarterly turn, of course! >:( Link to comment Share on other sites More sharing options...
brker_guy Posted January 4, 2012 Share Posted January 4, 2012 "Will it be another 30 day after that too?" I think we are looking at the last ditch effort of LS2, Cardboard. Look who just got into this messy fight with LS2: http://www.eweek.com/c/a/Enterprise-Networking/LightSquared-GPS-Interference-Issue-Faces-Congressional-Oversight-860245/ "Buried deep within the 500-page-plus National Defense Authorization Act of 2012 is a series of requirements that specify exactly what LightSquared must do before the Federal Communications Commission can authorize operation of its satellite and terrestrial based Long-Term Evolution (LTE) wholesale data service." http://www.eweek.com/c/a/Enterprise-Networking/LightSquared-GPS-Interference-Issue-Faces-Congressional-Oversight-860245/1/ So, unless LS2 has some last magical trick in its bag left, I don't think we will see their network getting off the ground anytime soon. Link to comment Share on other sites More sharing options...
brker_guy Posted January 12, 2012 Share Posted January 12, 2012 For all of you guys who are CLWR shareholders and speculators Have a look at the attached slides from Qualcomm. Pay attention to slide #15 to 19. Link to comment Share on other sites More sharing options...
abcd Posted January 16, 2012 Share Posted January 16, 2012 Sorry, if this is old news ... http://247wallst.com/2012/01/14/department-of-defense-blocks-lightsquared/ Link to comment Share on other sites More sharing options...
brker_guy Posted January 16, 2012 Share Posted January 16, 2012 Here are more information and update for you: http://gps.gov/multimedia/presentations/2012/01/FGCS/berstis.pdf http://tmfassociates.com/blog/wp-content/uploads/2012/01/EXCOM-Memo-to-NTIA-Jan13.pdf “there appears to be no practical solutions or mitigations that would permit the LightSquared broadband service, as proposed, to operate in the next few months or years without significantly interfering with GPS”. And of course, LS2 PR office is crying foul. What else is new? http://www.lightsquared.com/press-room/press-releases/government-committees-refusal-to-continue-testing-highlights-systemic-pattern-of-bias-and-collusion/ I wish Sprint management would have the guts and cut the cord with these clowns already.... Link to comment Share on other sites More sharing options...
brker_guy Posted January 17, 2012 Share Posted January 17, 2012 China Mobile and CLWR's TD-LTE Interoperability testing: http://corporate.clearwire.com/releasedetail.cfm?ReleaseID=639617 http://www.fiercebroadbandwireless.com/special-reports/td-lte-catching-fire-challenges-remain Link to comment Share on other sites More sharing options...
brker_guy Posted January 17, 2012 Share Posted January 17, 2012 http://pcworldpc.blogspot.com/2011/12/4-g-born-dead-mobile-network.html What the chart in the blog says is that there are 38 different bands for LTE. Today, more than 2/3rds use the 700 MHz band, but by 2016, the 2.1-2.6 GHz bands will grow significantly, used by about 33% of all LTE subs, while the relative percentage of 700 MHz users is expected to shrink to an estimated 16%. Link to comment Share on other sites More sharing options...
Ben Graham Posted January 18, 2012 Share Posted January 18, 2012 It's good to see Clearwire teaming up with China Mobile, who is the world's largest mobile operator in terms of subscribers, to provide what is needed to accommodate asymmetric data traffic, with TD-LTE. There has been a growing need for high bandwidth to enable IPTV service in the user-bound downstream direction of traffic for linear channels, with the necessary Internet-bound upstream bandwidth primarily for voice, low bit-rate data communications and best efforts Internet access. Nearly every home becomes a broadcast studio, and each subscriber a content provider. The combination of video sharing and Internet video content downloading is making the Internet a video delivery vehicle, not merely a data network for web surfing. For years, the debate has raged on whether a telco is a service provider or a utility providing “the pipe”. The answer may be both. If the value chain from the consumer side is driven by fast downstream and upstream Internet access to support services and applications they desire, then the value of the service provider network lies in bandwidth. It is good to see someone is working on a global solution for the wireless last mile, like Clearwire & China Mobile. It's sad that America (at&t -Verizon) just don't get it. We need a last mile that supports live streaming HD video. http://www.iptv-news.com/features3/features/over-the-top_ott_video_impacts_on_service_provider_networks * * * * * The benefits of a TDD approach - TD-LTE TDD technologies are better suited to accommodate asymmetric data traffic, which has a much heavier downlink load, increasingly driven by streaming video and audio applications. FDD interfaces have dominated in the cellular network because they are designed to carry the inherently symmetric voice traffic. A mixture of the two types of technologies means data-heavy services such as video could be carried over the TDD network, creating a more efficient use of the network. *** Clearwire CTO John Saw said the main goal in Clearwire's partnership with China Mobile is to accelerate the TD-LTE ecosystem by accelerating the development of a global multi-band, multi-mode chipset that incorporates frequencies between 2.3 GHz and 2.7 GHz. "If you look at the entire map for 4G, those frequencies are the closest thing to what I call a 4G world band since they are used in many countries," Saw said. Moreover, the FDD mode of LTE is becoming a requirement among the large operators like China Mobile and Clearwire, said Eran Eshed, co-founder and vice president of marketing and business development with chipmaker Altair Semiconductor. "There is a small market for TDD only, but FDD is the baseline and is needed for roaming," Eshed said. Link to comment Share on other sites More sharing options...
Ben Graham Posted January 18, 2012 Share Posted January 18, 2012 Why does almost every handheld device have a screen? Live streaming HD video is the first thing that comes to my mind. The growth in wireless traffic is just too fast, and simply reallocating spectrum is not a long-term solution. We also need to focus on spectrum utilization if we’re going to meaningfully address the issue in the long run. While almost all of the useable radio spectrum is allocated, it is dramatically underutilized. Dynamic spectrum access (DSA) solutions will help wireless carriers and other users optimize this valuable resource while giving consumers, first responders and soldiers the bandwidth they desire. Developed with funding from the Defense Advanced Research Projects Agency (DARPA), DSA senses when particular frequencies are in use and automatically switches to different channels when necessary to avoid interference. DSA not only is well positioned to overcome the obstacles inherent in the regulators’ traditional spectrum allocation methods, but it will also improve spectrum utilization in multiple dimensions by allowing multiple users to share spectrum. Carrier Ethernet technology can help as well. Carrier Ethernet circumvents bandwidth bottlenecks that can occur when a large number of small networks are connected to a single larger network. * * * * * Spectrum appears scarce only because our current regulatory regime puts draconian limitations on its use. If multiple users were allowed to dynamically share frequency bands, and to employ cooperative techniques to improve efficiency, spectrum could be as abundant as the air in the sky or the water in the ocean. * * * * * "Berkshire Hathaway's IBM loves this" Cisco: 50 Billion Things on the Internet by 2020 [infographic] http://www.readwriteweb.com/archives/cisco_50_billion_things_on_the_internet_by_2020.php Link to comment Share on other sites More sharing options...
brker_guy Posted January 18, 2012 Share Posted January 18, 2012 Now the LS is calling all lawyers: http://news.cnet.com/8301-30686_3-57361229-266/lightsquared-says-gps-interference-testing-was-rigged/?tag=mncol;editorPicks Link to comment Share on other sites More sharing options...
Ben Graham Posted January 20, 2012 Share Posted January 20, 2012 Does Icahn Have Plans For LightSquared? January 19th, 2012 by Rob Powell What is billionaire investor Carl Icahn doing snooping around LightSquared’s debt? That’s what reports are saying, apparently he and Andrew Beal and David Tepper have purchased $300M of the prospective LTE upstart builder. Buying up debt at a company’s weakest moments is a common way for Icahn to gain control of troubled assets. LightSquared is sitting on spectrum worth $4B that it can’t use for LTE without final FCC approval that the potential for interference with GPS is solved. That approval seems increasingly unlikely now, but for an owner with more staying power and a new plan for the spectrum I suppose it could be an opportunity. As I’ve been saying, the GPS industry may succeed in stopping LightSquared, but spectrum is scarce and sooner or later they’re going to have to compromise. But Icahn buying more telecommunications stuff? A reader sent in thoughts that he might combine it with XO, which itself is sitting on a pile of higher frequency backhaul spectrum and quite a lot of metro fiber in urban areas. A wholesale wireless network built on top of those assets might be an overall better idea than what Falcone conceived. It’s an interesting vision But I just don’t buy it for the simple reason that it’s hard, and Icahn doesn’t do hard. That scenario would require him to invest or raise many, many more billions of dollars in a project that is definitely not a sure thing, create jobs, actually build something new, and nurse it into something that makes a profit. It’s just far less likely than the idea that he thinks he can get spectrum cheap now that he knows AT&T is going to need badly enough to fight the GPS industry for in a couple of years, and that all he has to do is get a piece of it now and sit on it. http://www.telecomramblings.com/2012/01/does-icahn-have-plans-for-lightsquared/#more-14840 Link to comment Share on other sites More sharing options...
jch548 Posted January 21, 2012 Share Posted January 21, 2012 I read Tepper was buying Lightsquared debt too and the bonds are going for 40 cents on the dollar. $4 billion in debt and only enough cash to last a few quarters. Link to comment Share on other sites More sharing options...
Guest valueInv Posted February 24, 2012 Share Posted February 24, 2012 Google is unloading its Clearwire stake at a 91% loss: http://venturebeat.com/2012/02/24/google-selling-clearwire-stake Link to comment Share on other sites More sharing options...
Cardboard Posted February 25, 2012 Share Posted February 25, 2012 It will be interesting to find out who is the buyer. If it is Sprint, then it may put them over the hump in terms of ownership and claiming the debt to be non-recourse. I find the price surprising and disappointing. Not sure how it was calculated. I would have to review the structure as my memory is getting weak on this, but these shares should be convertible to the other class meaning that with some financial engineering, Google should have been able to sell much closer to the traded stock. There is a rule that they have to offer them to the other initial partners first, but why $1.60? In other news, it sounds like that Dan Hesse was about to make another very hard to explain move. http://www.reuters.com/article/2012/02/25/us-metropcs-sprint-idUSTRE81N21120120225?feedType=RSS&feedName=innovationNews&rpc=43 LightSquared, Network Vision, now this... What is he going to do next? Isn't enough? Cardboard Link to comment Share on other sites More sharing options...
Cardboard Posted February 25, 2012 Share Posted February 25, 2012 They want out fast for what reason? I think that is what is important to find out. Is it to facilitate some transaction? Or is there some mandatory discount for them being an initial partner? First, Google certainly does not need to get its hands on $47 million fast. They already have billions in cash. Second, Clearwire recently issued 201.25 million shares to the public at $2. I can't imagine that offering 29.6 million and not being dilutive would break the stock by close to 30% from Thursday's close. Looking at the action Friday, you see a drop of 7% which seems IMO more indicative of Google wanting out. The $1.60 tag was also likely a big shocker. If they just wanted out in one day as you say without any work, then it looks like pissing away capital by Google: $19 million. Cardboard Link to comment Share on other sites More sharing options...
Guest ValueCarl Posted February 26, 2012 Share Posted February 26, 2012 As I ponder the date of the original letter being February 7, 2012, from Google to its other partners, I wonder if we should be expecting a declaration of who bought those shares before tomorrow's opening bell, or if the FUD MASTERS are going to enable me to take out my ELEPHANT GUN because my fingers are itchy? It should be clear that they are managing the business for accelerated up front cash at this snapshot in time, along with the funding gap very close to being met via "vendor financing" and a "contract" near "wet ink." No doubt, one poster here who alluded to the fact that if they dumped them all at once, $1.60 is where the price would have went to for them to accomplish such a quick exit. http://www.sec.gov/Archives/edgar/data/101830/000119312512076375/d304522dsc13da.htm Item 4. Purpose of Transaction. Item 4 of the Schedule 13D is amended and supplemented by adding the following information: Google periodically rebalances its investments based on its goals and its evaluation of market conditions. Google plans to sell the 29,411,765 shares of Class A Common Stock of Clearwire it holds (a) to the other Reporting Persons and/or the Intel Entities, Intel Capital, Intel Cayman, and Middlefield pursuant to Section 3.3 of the Equityholders’ Agreement or (b) if the Reporting Persons or the Intel Entities, Intel Capital, Intel Cayman, and Middlefield do not elect to purchase all of such shares within the specified time period, in one or more public open market transactions on the NASDAQ Stock Market. To the extent that such sales are conducted by means of one or more public open market transactions, such sales will be made beginning on or about February 27, 2012, in such amounts and over such time period as determined by Google and in compliance with all applicable securities laws Link to comment Share on other sites More sharing options...
Guest ValueCarl Posted February 27, 2012 Share Posted February 27, 2012 http://www.marketwatch.com/story/sprint-to-place-2-bln-in-notes-due-in-2017-2020-2012-02-27 The private offering encompasses notes maturing in 2017 and 2020. In addition to the potential funding of Clearwire, Sprint named a variety of general uses for the proceeds, including network expansion and modernization. Link to comment Share on other sites More sharing options...
Guest ValueCarl Posted February 28, 2012 Share Posted February 28, 2012 Spectrum is scarce and valuable, and CLWR has an arsenal for their own use, along with some that could be sold. CLWR investors and speculators should listen in for some insight. http://galaxystocks.com/20932/business-news/clearwire-to-present-at-the-deutsche-bank-2012-media-telecom-conference-nasdaqclwr/ Clearwire Corporation NASDAQ:CLWR yesterday declared that company’s Chief Financial Officer, Hope Cochran, is scheduled to speak at the Deutsche Bank 2012 Media & Telecommunications Conference in Palm Beach, Florida on Tuesday, February 28, 2012, at 11:00 am Eastern. Company invites interested parties and general public to listen to the live audio webcast of the presentation at http://investors.clearwire.com/. Moreover, company will also provide a replay of the webcast. Link to comment Share on other sites More sharing options...
brker_guy Posted February 28, 2012 Share Posted February 28, 2012 One down, and the rest of LS2 is NEXT! http://www.bloomberg.com/news/2012-02-28/lightsquared-ceo-ahuja-resigns-as-venture-s-backer-falcone-named-to-board.html?cmpid=yhoo Lightsquared CEO resigned... Link to comment Share on other sites More sharing options...
Guest ValueCarl Posted February 28, 2012 Share Posted February 28, 2012 I will feel a lot more secure when I hear that ICON and SOROS' underlying debt is worth even less than they calculated in distressed form , and the "spectrum" goes back to the govt.'s military complex. ;) Link to comment Share on other sites More sharing options...
brker_guy Posted February 28, 2012 Share Posted February 28, 2012 ValueCarl, I am sure you have seen this: http://allthingsd.com/20120228/interview-clearwire-ceo-sees-4g-opportunities-where-rival-lightsquared-fell-short/?reflink=ATD_yahoo_ticker But Clearwire has something that its rivals are running out of: The wireless spectrum needed to operate their networks. “It’s a valuable asset,” Prusch said. “We expect it will continue to appreciate. This is really the fuel for the business model.” One potential partner would be Deutsche Telekom’s T-Mobile USA. T-Mobile isn’t seen as having enough spectrum on its own to launch LTE, but said last week that it plans to start offering such service next year. Prusch wouldn’t say if the two firms are in talks. Link to comment Share on other sites More sharing options...
Guest ValueCarl Posted February 29, 2012 Share Posted February 29, 2012 Ben Graham would be proud of this company for "THINKING AHEAD!" With global partners including China Mobile, Softbank and others, CLWR is tapping into a one billion capita subscriber base that continues reaching its EYEBALLS beyond its EARS across the globe. Thank you, Brker_guy! <Clearwire is now working to build its own LTE network, with hopes of having 5,000 sites by the middle of next year. While Clearwire is using a different version of LTE than the one adopted by AT&T and Verizon, Prusch said its so-called TDD LTE will be the more common one globally.> Link to comment Share on other sites More sharing options...
brker_guy Posted March 7, 2012 Share Posted March 7, 2012 I think this is about as official as it's going to get with Sprint. http://www.bloomberg.com/news/2012-03-07/sprint-said-to-plan-end-to-deal-with-falcone-s-lightsquared.html Sprint Nextel Corp. (S) plans to end a network-sharing agreement with billionaire Philip Falcone’s LightSquared Inc. (SKYT) wireless venture as early as next week, according to two people familiar with the matter. There won't be any phoenix rising from the ashes after this one... With the FCC putting a kibosh DISH's plan of another LTE launch, Sprint has very few options left: http://transition.fcc.gov/Daily_Releases/Daily_Business/2012/db0302/DA-12-332A1.pdf Don't you just love Sprint's new headlines, "Sprint's Network Vision, 4G LTE and WiMax"... http://s4gru.com/ Ka-Ching! Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now