This just in on Arcadian Networks, the once touted Wireless Network Provider!
Just a couple of tweaks, Arcadian never actually owned any spectrum, they had an option with Access Spectrum to lease the spectrum to their customers. The flaw in Arcadian's business plan always was the fact that the spectrum was never transferred to the user, only leased. While the Arcadian folks brilliantly assembled a business plan to attract $90 million in capital from the "investors" on Wall Street, apparently all of the brilliant MBA's performing due diligence to protect the investors' money didn't bother to talk to the customer base about the obviously flawed business plan!
Read Jeff St. John's December 12, 2011 article which gets it almost right!
Marc
Welcome to Marc's Blog. - From time to time you will find comments, opinions, and discussions related to various topics of interest to me, and some of them may even be relative to the Wireless Industry. Let us hear from you! - Marc
