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Pastimes : Techride -- Ignore unavailable to you. Want to Upgrade?

To: Puna who wrote (5535)	10/19/1999 6:59:00 PM
From: KLP	Read Replies (2) \| Respond to of 7442

Hi again Puna....and the rest of you when you get back from smelling the fall air... Don't know what you are thinking of when you say getting car sick...unless it is the thought of having computers in taxis....BUT MCOM is much more than that I think...to me it means wireless computer connections wherever you go, and in the house you won't have to have more phone wires installed and strung all over the house for computer lines.... but then...that's a woman's non-techie POV....Think that if MCI and VV thought it was worth putting $300 million EACH into, it was probably going to help a good product get the ooomph it needed to make it a national great product...we shall see! Interesting thought ....not looking at the portfolio for a year....Don't think I could do it....where else could you get that Techride feeling every day...? And the excitement of knowing about all the new things and products that are coming online....It's really as if we are on the new frontier watching as things are changing right before our eyes...Wonder if this is what the pioneers thought 150-200 years ago....? Stay safe from the bad weather! More later....KLP siliconinvestor.com Metricom Shareholders Approve MCI WorldCom and Vulcan Ventures, Inc. Investment $600 Million Equity Funding Helps Ricochet 128 kbps Mobile Data Service Expansion LOS GATOS, Calif.--(BUSINESS WIRE)--Oct. 18, 1999--Metricom, Inc. (Nasdaq: MCOM), a leading provider of mobile data networking and technology, today announced that a $600 million equity agreement was approved during its annual shareholder meeting held October 15, 1999. The $600 million in funding from Vulcan Ventures, Inc. and MCI WorldCom, each providing $300 million, is expected to fund the initial rollout of its Ricochet 128 kbps mobile data service in major markets across the country, with the first wave of commercial availability scheduled for Summer 2000. Under the terms of the deal, MCI WorldCom and Vulcan Ventures, Inc. will purchase 60 million new convertible preferred shares of Metricom stock, priced at $10 per share. The new breakdown of Metricom ownership will include Vulcan Ventures, Inc. at 49 percent, MCI WorldCom at 38 percent, with the remaining 13 percent ownership held by other current public shareholders. Metricom will remain a publicly traded company headed by CEO Timothy A. Dreisbach. ............there is more ..........................>