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Gold/Mining/Energy : Sierra Wireless SW (Toronto) -- Ignore unavailable to you. Want to Upgrade?

To: Ron Schier who wrote (53)	11/11/1999 3:27:00 PM
From: Marc	Read Replies (2) \| Respond to of 198

Sierra Wireless Shares Rise 58% in Two Days on U.S. Contract Richmond, British Columbia, Nov. 11 (Bloomberg) -- Sierra Wireless Inc.'s shares rose as much as 58 percent in two days after it announced a US$30 million contract to build modems for a company controlled by Microsoft co-founder Paul Allen. Shares of Richmond, British Columbia-based Sierra rose C$4.30 (US$2.93) to C$26.25 in mid-afternoon Toronto trading. Earlier the stock touched a 52-week high of C$26.40. The Canadian maker of wireless data equipment said Monday it will build modems for Metricom Inc., which is launching a 128 kilobit-per-second wireless data transfer system in 46 U.S. cities. ''That's fast,'' said Phoebe Young, a spokeswoman for Sierra, in an interview. ''It's probably the fastest speed there is in terms of wireless.'' Los Gatos, California-based Metricom offers wireless Internet service to portable computer users. Its ''Ricochet'' system is running in Washington, San Francisco and Seattle. Allan and MCI WorldCom Inc. recently invested US$600 million in Metricom. Allan owns 45 percent of the company; MCI WorldCom owns 35 percent. Metricom fell 13/16 to 42 13/16 in mid-afternoon Nasdaq trading.