Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: Robert Rose who wrote (119355)	3/5/2001 4:41:55 PM
From: H James Morris	Read Replies (1) \| Respond to of 164684

Rob, I think this was the reason WFII recently got whacked. I don't think the 8% + 4% short fall though is enough to worry about. >2/23/01 1:53 PM ET Shares of Wireless Facilities (WFII:Nasdaq - news) fell to their 52-week low Friday as the company received notice that customer Metricom (MCOM:Nasdaq - news) was canceling a contract. Shares fell $4.25, or 24.8%, to $12.88 in recent Nasdaq trading. Its previous low was $16.50, and its 52-week high is $163.50. Metricom, which provides mobile wireless data access to corporate networks and the Internet, had engaged Wireless Facilities to provide radio frequency engineering and deployment services for Metricom's data network buildout. Wireless, which deploys and manages wireless networks and specializes in telecommunications outsourcing, said forecasted revenue shouldn't be impacted more than 8% in the first quarter and 4% in the second. One analyst polled by First Call/Thomson Financial is calling for revenue of $87.4 million in the first quarter and $95.2 million in the second quarter. "While we are obviously disappointed by today's announcement, we will move as quickly as possible to redeploy our teams,'' Wireless said in a statement. "Metricom has indicated to us that it anticipates restarting its market buildouts at some point in the future and we are hopeful that we will be part of that opportunity.''