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Technology Stocks : METRICOM - Wireless Data Communications
MCOM 0.00500-50.0%Nov 14 9:30 AM EST
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To: vibaby who wrote (1094)6/24/1999 3:28:00 PM
From: Glenn Petersen  Read Replies (1) of 3376
 
When you add in the dilution from the Vulcan Venture/MCI WorldCom deal, the market cap works out to approximately $1.344 billion. As of April 23, 1999, there were 19,032,741 shares outstanding. The $600.0 MM buys 60 MM preferred shares, each of which is convertible into one share of common stock. (19,032,771 + 60,000,000) times $17/share = $1.344 billion.
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