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


To: silversoldier a/k/a SI Sy who wrote (2060)1/28/2000 10:44:00 PM
From: Greg S.  Read Replies (1) | Respond to of 3376
 
If this helps any, I received an email from Fidelity (my brokerage) a few days ago:

New Issue Offerings
Participation and Preliminary Prospectus Announcement

Fidelity is pleased to announce that we are able to provide qualified customers* with the possibility of participating in the following public offering:

Name of issuer Metricom Inc.
Industry Wireless Telecommunications
Security type Common Stock
Expected Size of Offering 5,000,000 Shares
Current Price $99.125 as of close on 1/26
Symbol/exchange MCOM / NASDAQ
Offering type Add-on Offering
Distribution by Issuer
Distribution by issuer represents N/A
Expected pricing date 2/1/00

Please check our website (fens.fidelityinv.com) to download a preliminary prospectus.


[rest of email snipped]

Sounds to me like they are just (for now) selling some more shares, raising some more cash courtesy of their now sizable market cap. Ordinarily I would participate, but if I thought $100/share was a deal, why wouldn't I have bought more this past week? :)

-G