Behind The Metricom Meltdown

from the not-looking-good dept

Red Herring has an article they wrote about the collapse of Metricom. They actually wrote it prior to the bankruptcy filing, but rushed it out to their webpage to be more timely. It basically points out the many mistakes they've made along the way, and says that the current "interim" CEO's job all along has been to sell the company - but they're not sure it will ever get done. I'm still hoping someone rescues them, or I'm going to have to go back to dialup.
Hide this

Thank you for reading this Techdirt post. With so many things competing for everyone’s attention these days, we really appreciate you giving us your time. We work hard every day to put quality content out there for our community.

Techdirt is one of the few remaining truly independent media outlets. We do not have a giant corporation behind us, and we rely heavily on our community to support us, in an age when advertisers are increasingly uninterested in sponsoring small, independent sites — especially a site like ours that is unwilling to pull punches in its reporting and analysis.

While other websites have resorted to paywalls, registration requirements, and increasingly annoying/intrusive advertising, we have always kept Techdirt open and available to anyone. But in order to continue doing so, we need your support. We offer a variety of ways for our readers to support us, from direct donations to special subscriptions and cool merchandise — and every little bit helps. Thank you.

–The Techdirt Team


Reader Comments

Subscribe: RSS

View by: Time | Thread


  1. identicon
    mhh5, 5 Jul 2001 @ 9:26am

    fucked company...

    What we need for this continuing saga is a F*ckedServices.com web site to monitor what will happen to services that are going out of biz.... Can you say publicity stunt, Masnick??

    link to this | view in thread ]

  2. identicon
    Clous, 5 Jul 2001 @ 4:19pm

    metricom -- good pay

    Good find on the red herring article. I wanted to bring you your attention that the interim CEO is being paid $150K gross a month PLUS $5K per DAY -- that's $300K * 12 = $3.6 million a year PLUS 1.5% of the sale price. Even if the thing doesn't sell for a while, for its certainly going into bankruptcy -- that's my kinda job!

    link to this | view in thread ]


Follow Techdirt
Essential Reading
Techdirt Deals
Report this ad  |  Hide Techdirt ads
Techdirt Insider Discord

The latest chatter on the Techdirt Insider Discord channel...

Loading...
Recent Stories

This site, like most other sites on the web, uses cookies. For more information, see our privacy policy. Got it
Close

Email This

This feature is only available to registered users. Register or sign in to use it.