Saturday, January 21, 2012

LightSquared Running Out of Cash, Time as Investor Sharks Circle

NEWS ANALYSIS: Beleaguered LightSquared suffers another hit as government testers find GPS interference and the company responds by claiming tests were rigged. Meanwhile, investor Carl Icahn closes in for the last big bite of the failing company. - You
know that a company is failing when the investment sharks start to circle. The
biggest shark of all, Carl Ichan, has purchased $300 million in LightSquared
debt. If LightSquared runs out of money, which could happen as early as April,
this would effectively give Ichan ownership of LightSquar...


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