AETH, todays IPO, wireless biz, priced above range, should be hot..
yesterday CRDS Crossroads, really slipped by me, I have been reading negative press on them for over a year, Red Herring called it a top tech 10 last year then recapitulated this year saying such a call was a major blunder. Go figure, opened 30's yesterday, today looking to punch 100!
SIFY will base from here, up to QP should be a double, look at charts for IIJI and CHINA in their first month of trading, SIFY should follow the pattern.
Kaliico
From SI board :
Aether Systems ticker AETH
BUSINESS OVERVIEW
We are a leading provider of wireless data services and systems enabling people to use wireless handheld devices
for real-time data communications and transactions. We design, develop, sell and support these services using our
engineering expertise, our software platform and our customer service and network operations center. Our initial
focus is on the financial services industry, including online trading. We currently offer the Reuters MarketClip
service for financial market price quotes, alerts and information and TradeRunner, a real-time wireless trading and
financial information service offered to the online customers of Discover Brokerage. We are developing similar
services for other major financial institutions, including Charles Schwab. We have agreed to acquire Mobeo, Inc., a
leading provider of wireless foreign exchange information services. We are also targeting other industries, initially
by licensing our Aether Intelligent Messaging software platform, known as AIM.
Finally, OpenSky, our new venture with 3Com, will pursue the broader consumer and business mass market for
wireless Internet access, e-mail and e-commerce transactions.
The market for wireless data applications is relatively undeveloped and has been hindered by significant
technological challenges, including incompatible devices and networks, slow data speeds and uncertain security.
These complexities have given us the opportunity to establish a position as an early market leader in wireless data
services.
We have all the resources necessary to provide our customers with complete wireless data systems. We have a
large, experienced development team, with 27 engineers who have worked an average of ten years in the wireless
data field. We have developed the AIM software platform, which serves as a bridge to integrate diverse corporate
in-house data systems with a wide variety of wireless carrier networks and end user devices. We operate our own
high-security network operations center, which connects customer and other data to wireless networks, and
maintain our own customer service center. We have also cultivated close relationships with major wireless network
carriers, including AT&T Wireless Services, Bell Atlantic Mobile and BellSouth Wireless Data, and mobile
equipment manufacturers such as 3Com, Ericsson and Novatel Wireless.
MARKET OPPORTUNITY
Growth of the Internet, Intranets and Extranets
The Internet and businesses' internal data networks, or intranets, have emerged as global communications channels
that allow users to share information and conduct real-time business electronically. Technology and communications
research firm International Data Corporation, or IDC, estimates there were approximately 159 million users of the
Internet at the end of 1998 and that this number of users will increase to 410 million by the end of 2002. IDC also
estimates that in 1998 there were 31 million intranet users at 513,000 businesses and organizations. Businesses are
also increasingly employing extranets, which allow them to communicate and conduct transactions electronically
with their customers and suppliers. IDC estimates that the worldwide volume of commerce conducted over the
Internet was $50.4 billion in 1998 and will grow to $1,300 billion in 2003.
Growth of Mobile Communications
Individuals are increasingly using mobile devices for convenience and enhanced productivity when away from their
home or office. Dataquest, a technology and communications market research firm, estimates there were
approximately 187 million digital wireless subscribers worldwide at the end of 1998 and that there will be 590
million by the end of 2002. Worldwide use of wireless telecommunications has grown rapidly as cellular, paging
and PCS have become more widely available and affordable for both the business and mass consumer markets.
Advances in technology, regulatory changes, the introduction of new service providers and price reductions have
contributed to this growth. |
