Wow. I could throw a stone and hit Reston. It's a *LITTLE* community. But it has a lot of technology... and apparently many, many billions of Federal dollars.
The last time I remember Reston being in the news, it was because the CFO for Freddie Mac, which is based in Reston, had just hung himself. It seems that the community has all sorts of bad news of national import brewing.
LightSquared, Failed Wireless Venture, Files Bankruptcy (Update 1)
By Tiffany Kary and Michael Bathon - May 14, 2012 2:19 PM ET
Bloomberg.com
LightSquared Inc. filed for bankruptcy after its plan to deliver high-speed wireless to as many as 260 million people ran afoul of U.S. regulators.
LightSquared, based in Reston, Virginia, listed debt and assets of more than $1 billion each in a Chapter 11 filing today in U.S. Bankruptcy Court in Manhattan. The filing came after intense negotiations with creditors, who had requested that the company’s backer, Philip Falcone, step aside.
More: http://www.bloomberg.com/news/2012-05-14/lightsquared-failed-wireless-venture-files-for-bankruptcy.html
Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months
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