Metricom Fire Sale This Week

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Date: Wednesday, August 15th, 2001, 10:01
Category: Archive

Are you looking for pole-top radios? What about a slice of the FCC radio spectrum? If you are in the market for any of the above, including everything from valuable patents to office furniture you will want to check out Metricom’s auction which begins tomorrow in San Jose.

From the CNet article “Metricom fire sale this week

The $30 million figure is the minimum bid set by Metricom attorneys to buy all of the company’s assets, which includes the pole-top radios that powered its now-shuttered Ricochet wireless service in 17 cities and the more than 70 patents the company was awarded. That price tag does not include radio spectrum licenses, however.

Bidders at the Thursday auction at Metricom offices in San Jose, Calif., will have to pay extra for those licenses granted by the Federal Communications Commission. The company set the minimum bid at $50 million for those airwaves, according to the new court records.

The “Metricom Post-Mortem” from The Industry Standard is an excellent read if you have been following the Metricom story.

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