Viasat 2 insurance claim

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Nathan Hart

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Posted 3 months ago

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Bev, Champion

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Ouch!
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VeteranSatUser, Champion

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Thanks for this.

Stephen. Still think the plan hasn't changed?
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Old Labs

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So much so that he probably bought a few more shares today...

Positions change, do you still feel I should not temper my expectations for Viasat-2?
(Edited)
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VeteranSatUser, Champion

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Actually, I think you should lower your low expectations!

13% less does not equate to $300 million in loss.
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Old Labs

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I already had  - with the inital "unlimited" plans offered on Viasat-2  ;)

There was a mention of insurance claims a while back and I recall thinking that's when things are going to get real interesting. It's really a question of what loss was insured against - if potential revenue over the life of the satellite it easily could be that much.

This also explains (at least to me) why Viasat is being so tight-lipped about the specific details - settling the claim isn't as easy as sending an adjuster up to inspect the damage, cutting a check and and have a fender replaced at the local body shop ;)    
(Edited)
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Stephen Rice, Champion

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Sold my stock this morning.
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VeteranSatUser, Champion

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Also explains why the plans are what they are. They want to paint a certain picture to get the insurance money.
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Nathan Hart

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You can always count on paranoid me with my whining and need of a diaper change to deliver the latest news.
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VeteranSatUser, Champion

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Nor Fake News!

The earnings call should be interesting, to say the least.
(Edited)
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Nathan Hart

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Never been fake news. I’ve maintained my position since post #1 and over time little by little more and more info has come out. I’ve been called every name in the book allowed on a forum and so far my opinions and suspicions have mostly all been verified as true. I’ve been accused of overreacting yada yada yada. As more facts emerge I will share them here. Next on the hot list is proof that VS2 has more then 4 antennas and more then one type of antenna. Solid and unfurlable. Previously Harris Corp had an actual drawing on their website but it was removed. Viasat themselves have stated that the released images by them aren’t exactly accurate for competitive reasons.
(Edited)
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Old Labs

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The Harris image was similarly a mockup (I read that blog also).

Let us know when you've got the proof. We only differ on the total number of antennas. It won't change anything - Viasat-2 is a wounded duck. It's left to Viasat to figure out how to replace that future lost revenue now. 

My only real bone of contention with you Nathan is your claim that this somehow constitutes "complete and utter deception and lies going back years."

As VeteranSatUser said, tune into the conference call - some analysts suggesting it will be May 22 which sounds about right for a Q4 and End of Fiscal Year schedule. 
(Edited)
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VeteranSatUser, Champion

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There certainly hasn't been lies and deception. Some of us saw the plan. This wasn't the plan. I mean, they are not even offering up to 25Mbps in a lot of the country. You wouldn't go to all the trouble and expense to develop a Toblerone modem just to look cool. It is suppose to provide advance functionality to support speeds far greater. At a minimum I was expecting 25Mbps nationwide to match Hughesnet.
(Edited)
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J&J

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Next on the hot list is proof that VS2 has more then 4 antennas and more then one type of antenna. Solid and unfurlable. 

Ummm..   yea, but those antennas have nothing to do with the distribution of Internet.  They are command and control system antennas with redundant duplication for operating the satellite and include provisions for a worse-case senerio where the satellite must be turned off.... completely.
 
"The VIASAT-2 satellite will include two near omni-directional antennas mounted on opposite sides of the spacecraft. These antennas will be extremely rugged and capable of providing adequate coverage even if struck, bent or otherwise damaged by a small or medium sized particle. ViaSat plans to locate the command receivers and decoders and telemetry encoders and transmitters within a shielded area and provide redundancy and physical separation for each component. The VIASAT-2 satellite will carry a rugged propulsion system capable of withstanding collision with small debris."

licensing.fcc.gov/myibfs/download.do?attachment_key=990646
(Edited)
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fmj77

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Looks like the cat's out of the bag.
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VeteranSatUser, Champion

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Meow!