August 17, 2001

Metricom auction going, going...gone

Author: JT Smith

The sell-off of Metricom's assets, including its Ricochet high-speed wireless Internet network, was completed in less than three hours. Metricom declared bankruptcy this month, and shut down the Ricochet network last week. Who bought what won't be known until sometime next week, but word has it that telco giant Verizon showed up. So did a few other interested parties, who were turned away at the door because they couldn't post a $50,000 deposit for the auction. Full story at News.com.

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