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Technology Stocks : METRICOM - Wireless Data Communications
MCOM 0.009000.0%Feb 6 9:30 AM EST

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To: Sherman Chen who wrote (3061)1/25/2001 3:21:38 PM
From: brk  Read Replies (2) of 3376
 
Looks like Merrill doesn't agree...Uncle Auric is loving this.

Metricom (MCOM: news, msgs) dove more than 27 percent after Merrill Lynch lowered its intermediate-term rating on shares of the San Jose, Calif., wireless data firm to "neutral" from "accumulate" due to concerns about subscriber rates for 2001. "Conversations with MCOM's major resellers revealed that MCOM should meet subscriber estimates for the fourth quarter," the firm said in a research note to clients. "But, despite a big media blitz, service take up is not on track to reach our annual subscriber estimates for 2001."
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