On Monday May 14, 2012, beleaguered LightSquared finally filed for its long anticipated bankruptcy protection. It's quite amazing that a year ago investors actually thought this pipedream would ever be able to overcome technical difficulties of interfering with Global Positioning Systems not only in the United States but in other countries as well. For reasons that were never entirely clear, the Obama FCC granted frequency to LightSquared that had originally been designated for satellite use but only if they could overcome the technical issues of interference and if they could bring their network offering on line within a stipulated time frame. Neither transpired. Military, aerospace, airlines, and a whole host of companies that sell products dependent on effective reliance on GPS rose up in opposition. The list included companies as diverse as Garmin and John Deere and any company that sells products that utilize global positioning for airline or sea navigation, for planting seeds in a field, for locating lost climbers or hikers in the wilderness and so forth.
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