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Technology Stocks : METRICOM - Wireless Data Communications
MCOM 0.0150+25.0%Dec 26 9:30 AM EST

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To: Tom Day who wrote (627)2/18/1998 8:42:00 AM
From: HVN  Read Replies (2) of 3376
 
I've been following this stock for quite some time now and been waiting and waiting for a an entry point - naturally, my entry point is a lot lower than the current price. What I still cannot see in their growth plan is how they expect to get permission to hang their sites from street lamps for the costs they are publicizing. They claim they can light up a market for $5-10 million. Maybe that's in hardware and installation costs. but what about the 2 year time line it takes to get local govt. permission? And the bribing that has to happen?

Also, their business plan has them going after business customers for the 'solution sale'. If they were to, however, concentrate on selling purely wireless access in local markets - basically go up landline access to the internet - they definitely have an opportunity - which is a lower cost package which provides mobility. However, they attempting to sell 'solutions', etc. That's crazy with such limited coverage and resources.
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