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                                                                    EXHIBIT 99.2

PRESS/INVESTOR CONTACT:
Ian Bailey
408 282 4185



       Metricom Receives Notification from Nasdaq of Additional Deficiency


San Jose, CA., August 30, 2001--Metricom, Inc. (Nasdaq:MCOQE), a high-speed
wireless data services company, today announced that, on August 29, 2001, it
received an additional Nasdaq staff determination letter indicating that, as a
result of its failure to timely file its Quarterly Report on Form 10-Q for the
quarter ended June 30, 2001, Metricom is currently not in compliance with
Marketplace Rule 4310(c)(14), as required for continued listing on The Nasdaq
Stock Market. As a consequence of the filing deficiency, Metricom's trading
symbol has been changed to MCOQE.

Trading in Metricom's Common Stock has been suspended since July 2, 2001,
following its announcement that it had filed for protection under Chapter 11 of
the U.S. Bankruptcy Code. As a result of the bankruptcy filing, on July 26,
2001, Metricom received an initial Nasdaq staff determination letter regarding
delisting of its Common Stock and has requested a hearing before a Nasdaq
Listing Qualifications Panel. Metricom cannot provide any assurances that its
Common Stock will continue to be listed on The Nasdaq Stock Market.

Statements made or implied in this press release that are not historical facts,
including those related to the Chapter 11 proceeding, the liquidation process,
the Company's ability to continue to have its securities listed on The Nasdaq
Stock Market, successfully restructure its debts operations or successfully
emerge from the Chapter 11 proceeding 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, which may cause results to
differ materially from those set forth in these statements. Information provided
is based on certain assumptions that management believes to be reasonable at
this time. All forward-looking statements are subject to risks that the actions
or strategies described will not be successfully completed or achieved,
including the risk that the Company's securities will not continue to be listed
on The Nasdaq Stock Market.

Note to Editors: Metricom is a registered trademark of Metricom, Inc.