LoJack rises on FCC nod to track missing people

By Associated Press
September 3, 2008 | Comments (0)

Recs

0

Panic 2008... Profit 2009!

Fool -- Now's the time to invest! David and Tom Gardner's new book reveals their strategy for million dollar wealth.

Buy Now!

LoJack Corp. shares rose sharply Wednesday after regulators gave approval for the company to use its national wireless system to track more than just stolen vehicles.

LoJack shares jumped 44 cents, or 6.1 percent, to $7.67 in afternoon trading. In the past year, the stock has ranged between $5.42 and $20.25 per share.

The Westwood, Mass., company said the Federal Communications Commission granted a 2005 petition that will enable it to expand its tracking services to areas such as missing people at risk, individuals of interest to law enforcement, lost or stolen cargo and hazardous materials.

The FCC also approved certain requests that will allow the company to comply with an FCC mandate to switch its network from wideband to narrowband, which it expects to do by 2019.

Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

DocumentId: 719698, ~/articles/articlehandler.aspx, 1/8/2009 1:08:34 AM

Sign up for FREE Motley Fool site access!

Already registered? Login Here

It’s FREE! Enter your email address, and we’ll rush you to the article you're looking for right now.

Privacy / Legal Information

We will use your email address only to keep you informed about updates to our web site and about other products and services that we think might interest you. The Motley Fool respects your privacy. Please read our Privacy Statement

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.