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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>&nbsp;</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 &#8211; 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 &nbsp;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&#8217;s network after government tests found that the signals would interfere with global-positioning systems. Now Lightsquared has filed for bankruptcy, saying it &#8220;will seek to resolve the concerns of U.S. regulators who thwarted the company&#8217;s plan to deliver high-speed wireless to as many as 260 million people.&#8221;<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&#8217;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 &#8220;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,&#8221; 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'>&middot;<span style='font:7.0pt "Times New Roman"'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </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&amp;action=edit" title="Edit &#8220;Controversial LightSquared goes before House subcommittee&#8221;">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'>&middot;<span style='font:7.0pt "Times New Roman"'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </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&amp;action=edit" title="Edit &#8220;Going where no GPS has gone before&#8221;">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>&nbsp;</o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt'><o:p>&nbsp;</o:p></span></p><p class=MsoNormal><span style='color:#1F497D'><o:p>&nbsp;</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>&nbsp;</o:p></span></p><p class=MsoNormal><span style='color:black'><o:p>&nbsp;</o:p></span></p><p class=MsoNormal><o:p>&nbsp;</o:p></p></div></body></html>