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Technology Stocks : METRICOM - Wireless Data Communications -- Ignore unavailable to you. Want to Upgrade?


To: rrufff who wrote (1109)6/30/1999 5:24:00 PM
From: AJ Berger  Read Replies (2) | Respond to of 3376
 
I hope your bullishness is warrented

since WCOM's getting their shares at $10,
that's the likely floor, but without any
new revenue generating systems online soon,
I can't see $30 as clearly as you seem to.
At least we're not like the losers over at
CDRD. Here we have a system people will
actually need!



To: rrufff who wrote (1109)6/30/1999 8:24:00 PM
From: Snow Shoe  Read Replies (2) | Respond to of 3376
 
From the company's website:

June 30, 1999

To Metricom Stakeholders: Excitement and a lot of fireworks. I'm not
talking about the upcoming 4th of July celebrations, but the enthusiasm
at Metricom as we announced our new partnership with MCI WorldCom
and increased endorsement from Vulcan Ventures resulting in $600
million to deliver on our promise of nationwide 128 kbps mobile data
service. Please take a moment to review the announcement.

Of course, we didn't take too much time to celebrate as there is pressing
work at hand. In June, we finished the alpha phase of testing and invited
250 customers to put the 128 kbps service through its paces in a beta
test. Already during the Beta testing, we have seen many positive
comments and have devoted part of our web site for chronicling the 128
kbps progress. We expect to exit this testing at just about the time we
wrap up ROW activity granting us permission to hang equipment in our
first 12 markets. We expect to begin physical deployment later in the
year, test these parts of the network, and go live by the middle of next
year.

Once that is complete, we start the second wave, then the third until we
have 46 markets covered by mid-2001. As the service become available,
it will be sold through MCI WorldCom and other distribution partners. In
this way, we can concentrate our efforts on our core strength - designing
and operating digital networks for mobile users. Our partners gain a
valuable new component to their portfolio, allowing users to have fully
functional wireless access to corporate and personal information from
anywhere they need to be.

We are "full speed ahead" at Metricom and encourage you to check back
often to monitor our progress. We also want to take a moment to thank
you for your faith and support as we push forward with our vision of a
nationwide high-speed service that will revolutionize mobile data services.

Until next time,

Tim