| | Business Summary | | Metricom,
Inc.
is
a
high-speed
wireless
data
services
company.
Using
its
Micro
Cellular
Data
Network
technology,
the
Company
is
able
to
deliver
wireless
data
quickly
and
inexpensively.
The
Company's
first
generation
network
operated
at
speeds
of
28.8
kilobits
per
second
(kbps).
The
Company
has
announced
the
availability
of
its
next
generation
high-speed
network,
which
provides
average
communication
speeds
of
128
kbps,
in
13
markets.
These
markets
consist
of
Atlanta,
Baltimore,
Dallas,
Denver,
Detroit,
Houston,
Los
Angeles,
Minneapolis,
New
York
City,
Philadelphia,
Phoenix,
San
Diego
and
San
Francisco.
The
Company
plans
to
expand
its
high-speed
networks
to
additional
metropolitan
areas
in
the
United
States.
In
July
2001,
the
Company
filed
a
voluntary
petition
for
reorganization
under
Chapter
11
of
the
United
States
Bankruptcy
Code
in
the
United
States
Bankruptcy
Court
in
San
Jose,
California.
In
August
2001,
the
Company
announced
a
decision
to
wind
down
its
business
and
sell
its
assets. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | MCOQE
designs,
develops
and
markets
low
cost,
high
performance,
easy
to
use,
mobile
wireless
data
access
products
and
services.
For
the
three
months
ended
3/31/01,
revenues
rose
9%
to
$3.5
million.
Net
loss
applicable
to
Common
totaled
$186.4
million,
up
from
$32.3
million.
Revenues
reflect
increased
service
revenue
due
to
the
availability
of
the
Company's
high-speed
Ricochet
service.
Higher
losses
reflect
the
provision
for
impairment
loss
on
network
assets. | | More
from
Market Guide: Significant
Developments |
| | Officers | | | FY2000 Pay | |
| Kevin Dowd, 57
CEO | -- | Glen Estell, 58
Pres,
COO | -- | David Pangburn, 36
Inerim
CFO, VP, Controller | -- | Dale Marquart, 42
Sr.
VP of Admin., Gen. Counsel and Sec. | $305K | John Wernke, 42
Sr.
VP of Marketing and Sales | 341K | | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors:
Expanded
List, Bios,
Compensation,
Options
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/m/mcoqe.gif)