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Monday 30 April 2012
LightSquared founder Philip Falcone to step down 'eventually', attempts to dodge the bankruptcy bullet
In an effort keep the troubled LightSquared from the brink of defaulting on its debt, its founder will step down from the company. While it doesn't look immediate, (people "familiar with the negotiations" are using the word "eventually") it's Philip Falcone's latest attempt to extend a debt-term violation that expires this morning. According to the same sources, if the initial extension is okayed, Falcone and LightSquared's lenders are aiming for a greater period of around 18 months to repay $1.6 billion in loans and pass the FCC's requirements for its network. The company's board is still deliberating on whether to accept the deal, which would stop the company filing for bankruptcy protection. Unfortunately, it looks like those new 4G network dreams just got hazier.
LightSquared founder Philip Falcone to step down 'eventually', attempts to dodge the bankruptcy bullet originally appeared on Engadget on Mon, 30 Apr 2012 06:56:00 EDT. Please see our terms for use of feeds.
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V.me by Visa coming to the Europe this autumn, cash starts begging for another chance
Visa Europe is muscling in on the European mobile payments game with V.me. The online service will allow you to store cards from different agencies (including American Express) for payments online and at NFC-enabled cash registers. It is expected to arrive in the UK, Spain and France in the Autumn, but it'll sadly be too late for it to gain any traction, since we'll have worked out how to glue PayTag stickers to our forehead by then.
V.me by Visa coming to the Europe this autumn, cash starts begging for another chance originally appeared on Engadget on Mon, 30 Apr 2012 11:28:00 EDT. Please see our terms for use of feeds.
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Maingear reveals more heat-dissipating desktops, keeps those new Ivy Bridge internals cool
Maingear gave us a quick nudge to say something was coming. Now it can reveal that -- alongside Intel's third-generation processors inside all of its desktops and laptops -- it's further updated two of its tower models. The F131 ($1,049), the middleweight option, now houses the same vertical heat-dissipating design found on Maingear's Shift model, alongside hot-swappable storage. It's followed by the Potenza ($899), the company's "mini-ITX gaming solution." It's 45 percent smaller than the F131 with the same heat dissipation design, but still capable of squeezing in NVIDIA's GeForce GTX 680 and support for a liquid cooling setup on the side. Phew. So pick your size, pick your processor and hit up the source for all the custom desktop options.
Maingear reveals more heat-dissipating desktops, keeps those new Ivy Bridge internals cool originally appeared on Engadget on Sun, 29 Apr 2012 12:40:00 EDT. Please see our terms for use of feeds.
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How To Make Convincing Fly-Thru Cloud Footage Using Just Four Still Photos [Video]
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