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

To: EEL who wrote (1011)	4/20/1999 5:31:00 PM
From: rrufff	Read Replies (1) \| Respond to of 3376

He may not intend to buy out the company, but he sure as heck is not going to let it go under. For pride reasons alone, this will have to be a winner. They will probably team with a partner soon. My take is that there is a problem with the price that Vulcan is asking. They probably want 20+ and acquirer/ partner is finding that too steep. It will be a game of cards and if the NY roll out is successfully received, 20+ may be in the cards. If all else fails, Allen will take a lower bid OR he will buy out the company, put it in his pocket for a few years and cash out a winner. Doesn't matter if this ultimately happens, key is what he thinks. That's why this stock is a no lose situation. He can afford to buy it tomorrow. May even set up a charitable foundation for a university to team with, getting a tax deduction and still keeping his pride. So long as shareholders get out at a decent price, nobody will complain.