Metricom Files for Chapter 11

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Date: Monday, February 1st, 1999, 00:00
Category: Archive

C|Net’s is reporting that Metricom, makers of the Ricochet 128 Kbps wireless service that is available in select cities, filed for federal bankruptcy protection on Monday.

According to the article the move was in reaction to “the depressed state of the capital markets.” Metricom has 41,000 customers and is still operational.

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