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Technology Stocks : WCOM -- Ignore unavailable to you. Want to Upgrade?

To: rachel who wrote (4770)	7/8/1999 2:00:00 PM
From: MichaelW	Read Replies (1) \| Respond to of 11568

Rachel, it's making me dizzy.

To: rachel who wrote (4770)	7/8/1999 3:05:00 PM
From: VFD	Respond to of 11568

I have been a WCOM shareholder for over 4 years (since ldds) and it has always acted this way. I just keep adding to my position every time it drops (yesterday at 85 1/2).

To: rachel who wrote (4770)	7/8/1999 4:26:00 PM
From: Anthony Wong	Read Replies (1) \| Respond to of 11568

Metricom Soars Since MCI WorldCom, Allen Investment (Update1) Bloomberg News July 8, 1999, 2:58 p.m. ET Metricom Soars Since MCI WorldCom, Allen Investment (Update1) (Adds analyst comment in 5th, 6th paragraphs, details in 7th paragraph; updates share activity.) Los Gatos, California, July 8 (Bloomberg) -- Metricom Inc. shares have more than quadrupled since June 21 when the developer of a nationwide wireless-data network said MCI WorldCom Inc. and Microsoft Corp. co-founder Paul Allen would invest $300 million each in the company. Metricom rose 5 1/2 to 48 1/4 in midafternoon trading, after earlier touching a record high 49 3/4. The day before the investments were announced, Metricom closed at 11 1/16. Metricom's Ricochet service, now available in California, Washington state and Washington, D.C., lets users connect to the Internet and corporate data networks when away from their home or office via wireless modems at fast speeds. Investors find Metricom attractive because it's in the fast-growing market for Internet services and faces little competition from other wireless companies, said John Kinnucan, a Brad Peery analyst. ''Nobody has a nationwide wireless network (for high-speed data), but Metricom is closer than anyone,'' said Kinnucan, who rates the stock ''attractive.'' The Ricochet service will be popular for people traveling on business because it's easy to use and operates at speeds comparable to today's cable-modem connections, said Billy Bowden, head of institutional sales at Ameri-First Securities, which initiated coverage with a ''buy'' rating yesterday. ''Metricom can be used for the at-home guy because it's easier to use. There are fewer steps and there is no dial-up,'' said Bowden who expects the shares to reach 60 within 12 months. MCI WorldCom's investment gives it a stake in a wireless network to compete with those of rivals AT&T Corp., Sprint PCS and Nextel Communications Inc.