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Technology Stocks : METRICOM - Wireless Data Communications
MCOM 0.0101-3.8%Dec 31 3:10 PM EST
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To: Tim Kenney who wrote (576)12/18/1997 6:09:00 AM
From: StaggerLee  Read Replies (3) of 3376
 
I'm thinking of shorting more. Revenues are growing at a snail's pace. Losses are accellerating. Cash is evaporating. It's at $11 now; nothing has changed from when it was at $5, except the Paul Allen effect which has already lost a third of its luster. The way I see it, there's no way the Richochet becomes widely accepted without some pretty massive dilution first.
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