METRICOM - Wireless Data Communications Message Board

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Technology Stocks : METRICOM - Wireless Data Communications

MCOM 0.00520

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Dec 3 10:24 AM EST

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To: Stephen Ettorre who started this subject	10/5/2001 6:25:31 AM
From: Ojing Eo	of 3376

LA Times story URL should be good for a couple of weeks latimes.com ... Loss of Service Bigger Than Loss of Money Metricom Inc. of San Jose was the first company to offer high-speed wireless Internet connections with a service called Ricochet. It was a groundbreaking service that attracted 51,000 customers and rave reviews. But when the company shut down its Ricochet service in August, all of its customers' specialized modems were rendered obsolete because they couldn't be used with any other Internet service. Dennis Davis became such a fan of Ricochet that in addition to paying $99 for the modem, he bought a laptop computer to take advantage of Ricochet's mobility. The Anaheim man was so impressed he invested $10,000 in Metricom stock. When the company filed for bankruptcy protection just 11 months later, Davis, an assistant city manager for Cerritos, was nonchalant about the money he had watched go down the drain. Davis shrugged off the loss for the modem and even the $10,000 in stock, which had been worth as much as $100,000. "What really bothers me more is losing that [Ricochet] system," he said. ... Ojing

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