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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): January 28, 2000
METRICOM, INC.
(Exact name of registrant as specified in its charter)
DELAWARE 0-19903 77-0294597
(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
980 UNIVERSITY AVENUE,
LOS GATOS, CALIFORNIA 95030-2375
(Address of principal executive offices and zip code)
Registrant's telephone number, including area code: (408) 399-8200
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ITEM 5. OTHER EVENTS.
On January 25, 2000, Metricom, Inc., a Delaware corporation (the
"Company"), announced that it had been affected by industry-wide component
shortages, causing delays to production of its network radios. The press release
announcing this component shortage is attached hereto as Exhibit 99.1.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(c) Exhibits.
EXHIBIT NO. DESCRIPTION
99.1 Press Release of Metricom, Inc, dated as of
January 25, 2000.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
METRICOM, INC.
Date: January 28, 2000 By: /s/ Dale W. Marquart
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Dale W. Marquart
Vice President and General Counsel
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EXHIBIT 99.1
INCREASING DEMAND FOR WIRELESS SERVICES IMPACTS COMPONENT SUPPLIES INDUSTRY-WIDE
Los Gatos, California, January 25, 2000 -- Metricom, Inc., (Nasdaq: MCOM), a
leading provider of mobile wireless data access services, reported today that it
has been affected by industry-wide component shortages, causing delays to
production of its network radios. The Company stated that while it may
experience some delays in deployment of its high-speed network, based on
currently projected component delivery dates, it expects to launch the first
phase of its high-speed service during the late summer. However, if the global
supply shortage continues longer than expected, the Company may experience
further delays.
The radios are being assembled under contract by Sanmina Corporation, an
industry leader in custom manufacturing. Executives of the two companies have
been working closely to resolve this issue and to identify alternative component
suppliers and engineering solutions.
About Metricom
Metricom, Inc. is a leading provider of mobile wireless data access to corporate
networks and the Internet. Metricom has designed its new high-speed service,
marketed under the Ricochet(R) brand name, to meet the needs of the growing
number of professionals who require full access to their corporate networks and
the Internet while away from the office. Metricom's high-speed service will
provide these mobile professionals with higher speed access to data than any
other mobile wireless technology commercially available today. Metricom's
service will also appeal to consumers who desire high-speed mobile access to the
Internet.
Metricom and Ricochet are registered trademarks of Metricom, Inc. All other
trademarks are the property of their respective owners. Statements made in this
press release that are not historical facts, including those related to future
market conditions, future competitors, future component suppliers, network
deployment and service launch schedules, future manufacturing schedules, future
component deliveries and future technology, are forward looking and are made
pursuant to the safe harbor provisions of the Securities Litigation Reform Act
of 1995. Such statements involve risks and uncertainties that may cause results
to differ materially from those set forth in these statements. These risks
include, among other things, additional competition from existing and future
competitors and the availability of components.
These forward-looking statements are based on information currently available to
the Company as well as certain assumptions which management believes to be
reasonable at this time. All forward-looking statements are subject to the
successful completion of the actions described in the Company's agreement with
Sanmina Corporation and in this press release. In addition to the factors set
forth elsewhere in this press release, the economic, competitive, governmental,
technological and other factors identified in Metricom's filings with the
Securities and Exchange Commission could affect the forward-looking statements
contained in this press release.
