Monday, December 12, 2011

Lights Out at Arcadian Networks

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