IP: Metricom assets sold for $8.25 million

[David Farber <dave () farber net>]

> From: "Steve Stroh" <steve () strohpub com>
> To: "Dewayne Hendricks" <dewayne () warpspeed com>
> Subject: Metricom assets sold for $8.25 million
> Date: Fri, 2 Nov 2001 14:36:19 -0800
> MIME-Version: 1.0
>
>
> Dewayne:
>
> What's not mentioned in this article:
> * What Aerie bought was mostly intellectual property - the software and
> designs for the radios, patents, etc.
> * Unclear is if Aerie bought the existing inventory. Apparently there are
> lots of radios already manufactured, but not deployed, sitting in storage.
> * Metricom's WCS spectrum is not included in the sale to Aerie (apparently
> the asset managers feel that it will fetch considerably as much as $50M -
> sometime). Unlikely given AT&T Wireless Services' decision to junk their
> Fixed Wireless System which will free up more WCS spectrum.
> * None of the physical assets of the network are included in this sale,
> including poletop radios, wired access points, network operation center,
> etc. All of that was "abandoned in place" to free Metricom of the liability
> of back rent, lease payments, and other liabilities.
> * Rights Of Way were similarly abandoned...
>
> It'll be interesting to watch!


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