LightSquared Alleges FCC's Testing Was 'Flawed and Biased'; Watch Sprint (S), Clearwire (CLWR) Shares

Traders should watch shares of Sprint (NYSE: S) and Clearwire (Nasdaq: CLWR) as LightSquared's Jeff Carlisle just made some noteworthy comments on a company conference call.

• LightSquared is alleging the FCC's recent tests on its network were flawed and biased (and thus violating constitutional rights);
  
• LightSquared is "not going away", and
  
• the company believes the FCC shouldn't revoke its permits.

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