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Wed, Sep 21, 2011

Aero-News: Quote Of The Day (09.21.11)

Aero-News: Quote of the Day

ANN's Quote of the Day usually derives from current news, though we reserve the right to pick quotes out of history that have a bearing on the day's events and issues.

Sometimes, you'll find them timely and in keeping with the content of the day's news... and sometimes, they'll just be thought-provoking.

Reader suggestions and comments are welcome... and if particularly intriguing, timely, or poignant, may themselves become future Quotes of the Day.

Let us hear from you, folks!

Aero-News Quote of the Day

"(Y)our spectrum was purchased at bargain prices because it was not intended for terrestrial operations. If it were always intended for such use, it would have been of much higher value. It became high value spectrum when it became clear that LightSquared's business plan was to abuse the ancillary terrestrial authorization and use the spectrum for terrestrial based operations - a radical change to the intended use of spectrum." Source: Letter from Congressman Tom Petri (R-WI) to the CEO of Lightsquared.

FMI: http://petri.house.gov

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