METRICOM - Wireless Data Communications Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : METRICOM - Wireless Data Communications

MCOM 0.00520

0.0%

Dec 3 10:24 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Paul Smith who wrote (3368)	11/13/2001 2:37:18 PM
From: Rich Wolf	of 3376

Not getting any hopes up, but not dismissing out-of-hand the chance to hold some people accountable. Had I known the stranglehold WCOM had over MCOM, which forced MCOM to piss away a billion dollars in an inefficient manner, yet not trigger WCOM's selling of the service, I would not have invested in MCOM. Certainly, had we been told back in March that WCOM simply 'changed its mind' and wanted out, and would not sell the service, I would have unloaded the shares I held. Even as late as a few days before filing bankruptcy, the interim CEO (Derrickson of Vulcan Ventures) simultaneously stonewalled investor questions at the shareholders meeting and reported encouraging results from the test marketing of single GSA pricing in the San Diego market. The liquidation folks and bankruptcy attorneys were already hired at that point in time, and this was never divulged either. Much information was withheld from shareholders.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next