METRICOM - Wireless Data Communications Message Board

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Technology Stocks : METRICOM - Wireless Data Communications

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Dec 5 9:30 AM EST

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To: Tom Day who wrote (831)	7/9/1998 8:39:00 PM
From: Kevin G. O'Neill	Read Replies (2) of 3376

Metricom Shares Rise 21% as Company Plans to Upgrade Network Los Gatos, California, July 8 (Bloomberg) -- Metricom Inc. rose 21 percent after the maker of Ricochet brand wireless modems said it will upgrade its network in more than 10 cities to give computer users faster wireless connections to the Internet. Metricom shares rose 1 1/2 to 8 3/4 in trading of 196,000 shares, almost twice the three-month daily average. A spokeswoman said the Los Gatos, California-based company, whose wireless network is now accessible in Seattle and several other large cities, will unveil its upgraded wireless Internet technology later this month. Metricom is negotiating with a number of additional cities for the right to install the transmitters on public streetlights, spokeswoman Susan Kohl said. The new technology will let users connect to the Internet at speeds of up to 128 kilobits per second, twice the speed of the fastest existing telephone-based modems, Kohl said. 20:45:36 07/08/1998 (This courtesy Yahoo post:ÿ messages.yahoo.com@m2.yahoo.com)

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