Broadband Wireless Access [WCII, NXLK, WCOM, satellite..] Message Board

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Technology Stocks : Broadband Wireless Access [WCII, NXLK, WCOM, satellite..]

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To: SteveG who started this subject	8/3/2001 10:43:01 AM
From: Gaffa	of 1860

Metricom to End Web-Access Service Ahead of Planned Auction of Company By NICK WINGFIELD Staff Reporter of THE WALL STREET JOURNAL Metricom Inc., the struggling operator of Ricochet, one of the largest networks offering wireless Internet access in major cities across the nation, plans to discontinue its service ahead of a proposed auction of all its assets. The San Jose, Calif., which filed for protection under Chapter 11 of the U.S. Bankruptcy Code last month, plans to hold a public auction of the company as "a going concern" on Aug. 16, according to an advertisement in The Wall Street Journal Thursday. The advertisement also said Metricom will entertain offers for individual assets, including offers to buy the company's services in specific cities. ......

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