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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Bam Thwacks Mitt on OBL (TIME)

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Nerdgasm: The Official Lego Back to the Future Set Is Almost Here! [Lego]

Rejoice, my lovely fellow nerds, because one of the Holy Grails of Lego is about to become a reality! The Lego Back to the Future set—the one you are looking at right here—may happen soon. More »

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Acer releases app to hurry the ICS-ification of Iconia slates (video)

Patience, they say, is a virtue. Try telling that to a tech-savvy tablet owner, whose friend already got an ICS update. Acer started pushing out an Android 4 update to lucky Iconia 500 owners earlier in the week, but for those who've yet to receive it, all is not lost. The tablet maker has taken the unusual step of releasing an app dedicated to getting you the upgrade asap. Can't wait a moment longer? Point your slate at the Play store and search for "Acer" and then simply look for the free Iconia Tab Update Enhancement app. Virtues are overrated anyway.

Continue reading Acer releases app to hurry the ICS-ification of Iconia slates (video)

Acer releases app to hurry the ICS-ification of Iconia slates (video) originally appeared on Engadget on Sun, 29 Apr 2012 14:44:00 EDT. Please see our terms for use of feeds.

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Italian American Sport Club holds Feast Day celebrations (Rochester Democrat and Chronicle)

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iMore Picks of the Week for April 29, 2012

Every week the editors at iMore carefully select some of our favorite, most useful, most extraordinary apps, accessories, gadgets, and websites. This week's selections include a utility, a unique Twitter client, a classic video game, a social networking iPad app, a fun photography app for creating comic, and an addicting puzzle game.

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How would you change the LG Nitro HD?

AT&T's LG Nitro HD is one of those rare devices your writer has actually used. We carried it as our daily driver during this year's CES and were won over by that gorgeous screen, speedy LTE and its thin and light design. Unfortunately our experience matched those in the review: herky-jerky performance and battery life that meant we were always on the lookout for a power point. Of course, you can't have amazing battery life without doubling its thickness, but would you have taken that compromise? We're asking you: how would you change it?

How would you change the LG Nitro HD? originally appeared on Engadget on Sun, 29 Apr 2012 22:40:00 EDT. Please see our terms for use of feeds.

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Huawei throws R&D dollars at gesture control, cloud storage, being more 'disruptive'

Undeterred by the fact that even humans struggle to interpret certain gestures, Huawei says it's allocating a chunk of its growing R&D budget to new motion-sensing technology for smartphones and tablets. The company's North American research chief, John Roese, told Computerworld that he wants to allow "three-dimensional interaction" with devices using stereo front-facing cameras and a powerful GPU to make sense of the dual video feed. Separately, the Chinese telecoms company is also putting development cash into a cloud computing project that promises to "change the economics of storage by an order of magnitude." Roese provided scant few details on this particular ambition, but did mention that Huawei has teamed up with CERN to conduct research and has somehow accumulated over 15 petabytes of experimental physics data in the process. Whatever it's up to, Huawei had better get a move on -- others are snapping up gesture recognition and cloud patents faster than you can say fa te ne una bicicletta with your hands.

Huawei throws R&D dollars at gesture control, cloud storage, being more 'disruptive' originally appeared on Engadget on Mon, 30 Apr 2012 05:40:00 EDT. Please see our terms for use of feeds.

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Saluting our Service Members East (Rochester Democrat and Chronicle)

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