Like a cat with nine lives, Ricochet, the ground breaking high speed wireless internet service provider, keeps coming back from the dead. The Denver Post reports that “Ricochet Networks Inc. has been sold to EDL Holdings Inc., which plans to expand the network to Boulder and Castle Rock in the next few months.” This is life #3 for the company. Denver-based Aerie Networks bought Ricochet out of bankruptcy from Metricom in 2001. Bad move!
And I think it is going to be a fairly disastrous foray this time around as well. For instance, Colorado is chock full of fixed wireless providers, Wi-Fi hot spots and not to mention the roaming Edge Services from AT&T. In other words, the market and technology have raced past Ricochet.