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

To: Lionel Parker Perkins III who wrote (1358)	7/11/1999 1:25:00 AM
From: RMiethe	Read Replies (1) \| Respond to of 3376

LPPerkins-- I think a recommendation on this stock is coming from a very well known analyst very soon. I saw it was written up in the New York Times today in fact. The service is being offered in Manhattan and Brooklyn starting Monday. I can live with the volatility since I bought it at such a low price. I actually purchased the stock for my 11 year old (youngest and last of three) since I think this stock will have appreciated enough in 7 years to have money for a 4 year college outside the Cal State university system. It was pure luck that I bought it at $16-- I cannot imagine it ever seeing that price again. I did not think it would ever go up this fast-- never thought that at all. Figured it would be a slow and steady rise over time. As far as MCOM making money and all that-- I have read about 90 pages on this company, plus a Gartner group study just on Metricom (the investment management firm that I work at gets Gartner) since buying the stock. Gartner has some really significant things to say about the wireless Ricochet. Doing a back of the envelope calculation, I look at this company being $400 million cash positive in FY 2001, and to double that the next year. It appears to me that MCI is going to give MCOM all the money it needs to build out the architecture. I figure that will be close to $1 billion in 70 metropolitan areas. $1 billion for a cash flow of $400 million two years from now, and growing thereafter sounds like a small price for MCI to pay. Bernie Ebbers, once he sets his mind to something, does see it through. His buying WorldCom makes that pretty obvious.