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Technology Stocks : LAST MILE TECHNOLOGIES - Let's Discuss Them Here
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To: Raymond Duray who wrote (4603)7/13/1999 1:30:00 PM
From: WTC  Read Replies (1) of 12823
 
I am curious -- why no comment here on that newly-minted Last-mile darling -- Metricom (MCOM)? Languishing between 5 and 7 for months, a deal gets done, and we don't see a doubling in share price, but a 6x move! Now it bounces around a bit below that, but it still makes the NASDAQ most active lists consistently after being thinly traded for months.

I have been conflicted out of commenting prior to the recent public announcement, but even with some non-public info, the meteoric rise caught me off guard. Anyone see implications for Metricom clones? Is this the market showing a lack of confidence in 3G wireless (or IMT-2000, if you will)? How close does another company have to look like the Metricom network topology and business plan to climb on this rocket?
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