biz.yahoo.com
Metricom CEO and Chairman Resigns
Long-Standing Board Member Named Interim CEO
SAN JOSE, Calif.--(BUSINESS WIRE)--Feb. 21, 2001--Metricom, Inc. (Nasdaq:MCOM - news), a leading high-speed wireless data company, today announced the resignation of Timothy Dreisbach from his position as the Company's Chief Executive Officer and Chairman of the Board. Dreisbach joined Metricom in 1998 as president and CEO, and will stay on in an advisory capacity as he pursues other opportunities outside the Company. Dreisbach was instrumental in launching the new higher-speed Ricochet 128 kbps service into 13 markets.
Ralph C. Derrickson, who has served on Metricom's Board since 1998, has been named interim CEO. Derrickson is a founding partner at Watershed Capital where he has focused on technology-enabled businesses in the Internet and communications. Prior to Watershed Capital, Derrickson directed venture investment and management at Vulcan Ventures Inc, Paul G. Allen's investment-management company.
About Metricom
Metricom, Inc. is a leading high-speed wireless data company. With its high-speed Ricochet mobile access, Metricom is making ``information anytime'' possible -- at home, at the office, on the road, and on many devices. Founded in 1985, Metricom has spent more than 15 years on the development of its distinctive MicroCellular Data Network (MCDN) technology. That experience has enabled Metricom to develop the fastest wireless mobile data networking and technology available today. Ricochet has been operating since 1995 at speeds up to 28.8 kbps. The new Ricochet, delivering user speeds of 128 kbps, is currently available in thirteen markets and is connected to two 28.8 kbps service areas (Seattle and Washington DC) to increase coverage for mobile professionals. |
