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</o:shapelayout></xml><![endif]--></head><body lang=EN-US link=blue vlink=purple><div class=WordSection1><p class=MsoNormal><span style='font-size:12.0pt;color:#1F497D'>I know many of us have been following this debate for a long while not. Looks like we will not have to replace our GPS equipment just yet.</span><span style='font-size:12.0pt'><o:p></o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:9.0pt;font-family:"Verdana","sans-serif";color:#333333'><a href="http://www10.giscafe.com/blogs/gissusan/2012/05/16/lightsquared-back-in-the-news-filing-for-bankruptcy/"><b><span style='font-size:15.0pt'>LightSquared: back in the news – filing for bankruptcy</span></b></a><o:p></o:p></span></p><p class=MsoNormal><span style='font-size:9.0pt;font-family:"Verdana","sans-serif";color:#333333'>May 16, 2012 by Susan Smith<o:p></o:p></span></p><p><span style='font-size:9.0pt;font-family:"Verdana","sans-serif";color:#333333'>LightSquared Inc. recently had lost the approval of the Federal Communications Commission to convert airwaves originally designated for satellite service to spectrum for land-based radio towers in February. The FCC withdrew approval for the company’s network after government tests found that the signals would interfere with global-positioning systems. Now Lightsquared has filed for bankruptcy, saying it “will seek to resolve the concerns of U.S. regulators who thwarted the company’s plan to deliver high-speed wireless to as many as 260 million people.”<o:p></o:p></span></p><p><span style='font-size:9.0pt;font-family:"Verdana","sans-serif";color:#333333'>According to the story, LightSquared, based in Reston, Virginia, listed assets of $4.48 billion and debt of $2.29 billion as of Feb. 29 in a Chapter 11 filing today in U.S. Bankruptcy Court in Manhattan. Besides its head to head battle with the FCC, Lightsquared has had financial difficulties. Creditors have requested that the company’s backer, Philip Falcone, step aside. In spite of that request, Falcone and the current management team will remain with the company, according to company spokesmen.<o:p></o:p></span></p><p><span style='font-size:9.0pt;font-family:"Verdana","sans-serif";color:#333333'>Bankruptcy “is intended to give LightSquared sufficient breathing room to continue working through the regulatory process that will allow us to build our 4G wireless network,” Chief Financial Officer Marc Montagner said in a statement. Reaching agreements with U.S. agencies may take as long as two years, he said in court papers.<o:p></o:p></span></p><p><span style='font-size:9.0pt;font-family:"Verdana","sans-serif";color:#333333'>-Bloomberg<o:p></o:p></span></p><p style='margin:0in;margin-bottom:.0001pt'><span style='font-size:9.0pt;font-family:"Verdana","sans-serif";color:#333333'>Historical coverage of LightSquared in GISVoice:<o:p></o:p></span></p><p style='mso-margin-top-alt:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;text-indent:-.25in;mso-list:l0 level1 lfo2'><![if !supportLists]><span style='font-size:9.0pt;font-family:Symbol;color:#333333'><span style='mso-list:Ignore'>·<span style='font:7.0pt "Times New Roman"'> </span></span></span><![endif]><strong><span style='font-size:9.0pt;font-family:"Verdana","sans-serif";color:#333333'><a href="http://www10.giscafe.com/blogs/gissusan/wp-admin/post.php?post=1428&action=edit" title="Edit “Controversial LightSquared goes before House subcommittee”">Controversial LightSquared goes before House subcommittee</a></span></strong><span style='font-size:9.0pt;font-family:"Verdana","sans-serif";color:#333333'><o:p></o:p></span></p><p style='mso-margin-top-alt:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;text-indent:-.25in;mso-list:l0 level1 lfo2'><![if !supportLists]><span style='font-size:9.0pt;font-family:Symbol;color:#333333'><span style='mso-list:Ignore'>·<span style='font:7.0pt "Times New Roman"'> </span></span></span><![endif]><strong><span style='font-size:9.0pt;font-family:"Verdana","sans-serif";color:#333333'><a href="http://www10.giscafe.com/blogs/gissusan/wp-admin/post.php?post=1204&action=edit" title="Edit “Going where no GPS has gone before”">Going where no GPS has gone before</a></span></strong><span style='font-size:9.0pt;font-family:"Verdana","sans-serif";color:#333333'><o:p></o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt'><o:p> </o:p></span></p><p class=MsoNormal><span style='color:#1F497D'><o:p> </o:p></span></p><div><p class=MsoNormal><b><i><span style='font-size:12.0pt;color:black'>Tripp Corbin, MCP, CFM, GISP</span></i></b><b><span style='font-size:12.0pt;color:black'> </span></b><span style='font-size:12.0pt;color:black'>| Chief Executive Officer</span><span style='font-size:12.0pt;font-family:"Times New Roman","serif";color:#1F497D'><br></span><b><span style='font-size:18.0pt;font-family:"Times New Roman","serif";color:#244061'><a href="http://www.egisassociates.com/"><span style='color:#244061;text-decoration:none'>eGIS Associates, Inc.</span></a></span></b><span style='font-size:12.0pt;font-family:"Times New Roman","serif";color:#1F497D'><o:p></o:p></span></p><p class=MsoNormal><span style='color:black'><a href="mailto:tcorbin@egisassociates.com">tcorbin@egisassociates.com</a> | <a href="www.egisassociates.com">www.egisassociates.com</a> <o:p></o:p></span></p><p class=MsoNormal><span style='color:black'>678-710-9710 ext 21 | 866-</span><span lang=EN style='color:#244061'>304-3864 Fax</span><span style='color:black'><o:p></o:p></span></p><p class=MsoNormal><span style='color:black'>Esri Certified Trainer | Esri Certified Desktop Associate</span><span style='font-size:12.0pt;font-family:"Times New Roman","serif";color:black'><o:p></o:p></span></p></div><p class=MsoNormal><span style='color:#1F497D'><o:p> </o:p></span></p><p class=MsoNormal><span style='color:black'><o:p> </o:p></span></p><p class=MsoNormal><o:p> </o:p></p></div></body></html>