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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting -- Ignore unavailable to you. Want to Upgrade?

To: Dennis Roth who wrote (8662)	3/16/2001 11:35:58 AM
From: Kent Rattey	Read Replies (1) \| Respond to of 196577

That's an informed article. I just hired a guy in Miami from a defunct airport 802.11 company(lost funding). March 15, 2001 Metricom to Lay Off 179 Workers; Finance Chief Wall Steps Down A WSJ.com News Roundup SAN JOSE, Calif. -- Metricom Inc. said it laid off 179 employees, or 22% of its work force, and announced the resignation of its finance chief. Metricom, which markets wireless Internet services under the Ricochet brand, had said last month that it planned to cut its work force. The company has 800 employees nationwide. The company said David J. Pangburn, its corporate controller, will fill the chief financial officer position vacated by James Wall, who had served as finance chief since August 1999. Metricom also said Robert Mott, senior vice president, engineering and manufacturing, has resigned. The departures follow the resignation last month of longtime Chief Executive and Chairman Timothy Dreisbach, who left after Metricom reported a wider-than-expected fourth-quarter net loss amid a big drop in revenue. Metricom has spent heavily to build out the Ricochet service but hasn't been able to attract as many subscribers as the company had hoped. In February the company said it would scale back the rollout of Ricochet in additional U.S. cities until it can raise more funding. Metricom is backed by telecommunications giant WorldCom Inc. and Microsoft Corp. co-founder Paul Allen. At 4 p.m. on the Nasdaq Stock Market, Metricom shares were unchanged at $3.69.