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

To: tensforme who wrote (2758)	11/28/2000 10:03:50 AM
From: Sir Auric Goldfinger	Respond to of 3376

OneSource Technologies Cancels Stock Option Deal OSTK New Products & Internet High-Speed Wireless Services Make The Option Pricing Inadequate (INTERNET WIRE) -- 11/28/00 -- OneSource Technologies, Inc., (Electronic Quotation: OSTK) announced today the cancellation of a consulting agreement the Company had entered into with an investment firm in June 2000. As part of that agreement, the investment firm was to receive up to two million shares of OneSource stock at an option price of $0.50 per share. OneSource elected to cancel the agreement on the basis of its belief that a $0.50 per share price inadequately reflected the market price of the stock going forward in light of the Company's expanded product and service offering.Further, management concluded that it was unnecessary to engage consultants at the present time for any transaction involving issuance of options or free trading shares of the Company (OTCBB: OSTK.) One of the most promising of the Company's newest product offerings is high-speed mobile Internet access. www.1smi.com This technology allows users to access the Internet via a laptop computer while out in the field, office, car, home, without a wired connection. The service makes use of the Ricochet(TM) 128kbps modem: a small, lightweight, external device that connects to any PC via a USB or serial port. The applications of this service are virtually unlimited. Allowing high-speed access to the company's LAN or Intranet makes pertinent information easily accessible, no matter where the user might be - whether meeting with clients, waiting at the airport, or stuck in traffic. The Ricochet high-speed wireless data company was named the "Best of COMDEX Fall 2000" in the category of "Services." The announcement was made earlier in November by wireless data company Meticom, Inc (Nasdaq: MCOM). High speeds also make the service an attractive choice for those who don't necessarily need mobility, but desire an alternative to the long waits, significant commitment, and high prices associated with the installation of a Digital Subscriber Line (DSL) connection from suppliers like Covad (Nasdaq: COVD). Cable Internet access, another high-speed option by companies like @home (Nasdaq: ATHM), isn't always available and can be expensive as well. OneSource's mobile service can be an excellent alternative and is available in Atlanta, Phoenix, and San Diego, while growing to include many other metropolitan areas across the U.S. OneSource is engaged in three closely-related and complimentary lines ofInformation Technology ("IT") business, 1) equipment maintenance services,2) equipment implementation and integration services, and 3) value-added equipment and supply sales. Each segment also utilizes the Internet to facilitate distribution of its service and product offerings. OneSource is a leader in the equipment maintenance and service industry and is the inventor of the unique OneSource Flat-Rate Blanket Maintenance System*. This innovative program provides customers with a Single Source for all general office, computer and peripheral and industry-specific equipment maintenance, integration and supplies products. Product and Company names mentioned herein are for identification purposesand may be trademarks or registered trademarks of their respective companies. This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbors created by those sections. www.1smi.com 866-PIASTORe E. Helm Drive Scottsdale, AZ 85260 Investor Relations website: www.1sourceir.com investor@1smi.com Contact: Investor Relations , OneSource Technologies Phone: 866-PIASTORe Email: investor@1smi.com Provider ID: 01020091 -0- Nov/28/2000 13:38 GMT

To: tensforme who wrote (2758)	11/29/2000 3:57:47 PM
From: Sir Auric Goldfinger	Read Replies (1) \| Respond to of 3376

PRESS RELEASE: S&P Revises Metricom Outlook To Negative 11/29/0 15:23 (New York) Following is a press release from Standard & Poor's: NEW YORK (Standard & Poor's CreditWire) Nov. 29, 2000--Standard & Poor's today revised its outlook on Metricom Inc. to negative from stable. At the same time, Standard & Poor's affirmed its ratings on Metricom Inc. and wholly owned subsidiary Metricom Finance Inc. (see list below). The outlook revision is based on the fact that Metricom will require about $500 million in additional capital to complete its full network deployment plans, the source of which has not yet been identified. Cash balances, which totaled $714 million as of Sept. 30, 2000, will only provide partial funding for the company's expansion plans in 2001. In 2001, additional funds will be required to enable the company to build and service a network covering a total of 46 markets and 100 million population equivalents by year-end 2001. The ratings on Metricom Inc. reflect the significant operational, deployment, and marketing risks the company faces as it constructs a nationwide wireless high-speed data network. Risks are partially mitigated by the strategic and financial backing of major equity investors Vulcan Ventures Inc., the private investment vehicle of Microsoft co-founder Paul Allen, and WorldCom Inc. Los Gatos, Calif.-based Metricom currently provides the fastest wireless data access service commercially available. The company's Ricochet2 technology, which had been launched in nine markets as of Sept. 30, 2000, allows laptop computer users to download data at speeds in excess of 128.0 kilobits per second (Kbps), significantly faster than the 19.2 Kbps to 28.8 Kbps speeds of competing cellular-based data technologies. Metricom's Ricochet2 product is based on a proprietary combination of off-the-shelf radio frequency technology. Ricochet2 uses spread spectrum technology and operates in license-free 902 megahertz (MHz) to 928 MHz spectrum, the same spectrum used by cordless home telephones. Minicells, located on and powered by light poles, transmit to the wireless laptop modems, which can roam at up to 70 miles per hour. Higher-frequency wireless links bring the data back to the network from the pole. Metricom's ambitious network construction plans pose a number of implementation risks. The company has already encountered delays in its deployment schedule due to the challenges posed by the zoning approval processes and utility agreement negotiations. In addition, Metricom has outsourced the manufacturing and installation of its network, which could pose control problems. The company is following a nonexclusive wholesale sales model. WorldCom is currently the company's largest sales agent, and it has guaranteed sales of at least $388 million over five years. Under this agreement, the product is being co-marketed under the Ricochet and WorldCom brands. Expected continued explosive growth in demand for high-speed Internet access, and trends toward a more mobile workforce, should bode well for the product if it can be aggressively rolled out on a timely basis. OUTLOOK: NEGATIVE The company will need substantial additional funds in 2001 to complete its full network and market expansion plans. Absent receipt of such funding in the first half of 2001, the ratings will be lowered, Standard & Poor's said.-CreditWire RATINGS AFFIRMED RATING Metricom Inc. Corporate credit rating B- Senior unsecured debt (Co-issued by Metricom Finance Inc.) B- Shelf registration: Senior unsecured debt preliminary B- Preferred stock preliminary CCC (END) DOW JONES NEWS 11-29-00 03:23 PM- - 03 23 PM EST 11-29-00