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

To: rrufff who wrote (3085)	2/8/2001 12:10:14 PM
From: Sir Auric Goldfinger	Read Replies (3) \| Respond to of 3376

6.250 off 4.125. Bye bye Wwuff, MCOM is all done. Auric as ever IS Absaeffinglootly right: "Metricom Shares Fall After Company Says It May Run Out of Money 2/8/1 10:54 (New York)" Metricom Shares Fall After Company Says It May Run Out of Money San Jose, California, Feb. 8 (Bloomberg) -- Metricom Inc. shares plunged as much as 40 percent after the wireless-Internet service provider said it may run out of money and is preparing to scale back expansion plans and cut jobs. Shares of the San Jose, California-based company fell $3.50, or 34 percent, to $6.88 in midmorning trading. Earlier, they touched $6.22. They had lost 89 percent of their value in the past year. Metricom has enough money to operate and build out its network into the second half of the year, the company said in a press release distributed by Business Wire. Without financing, the company won't be able to continue operations, the statement said. Officials at Metricom didn't immediately return a phone call seeking comment. The company had $18.5 million in sales in 1999. --Dom Yanchunas in the Princeton newsroom (609) 279-4096, or at dyanchunas@bloomberg.net/gfh You are once again, forever, on IGNORant.