Metricom Files For Bankruptcy
from the ugh dept
This isn't good news. Metricom (providers of the Ricochet service) has not been able to raise the money they've been looking for so far and has declared bankruptcy. It's not such a huge surprise really, based on what they had been saying, but I was hoping they could avoid it. They're planning on continuing the service for now (which is good, because that's how I'm connected to the internet right now), but there are no promises how long that will last. Rumors are that there are some interested parties who have spoken to them about purchasing Metricom, but none have jumped yet. Maybe someone will buy them out of bankruptcy - but who knows what they'll do with the service.