Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Buying IPOs on the open market -- Ignore unavailable to you. Want to Upgrade?

To: westpacific who wrote (3616)	10/21/1999 4:04:00 PM
From: $Mogul	Read Replies (2) \| Respond to of 5529

WOW!! what a crazy, nutty, wacky day....wow, wow and more wow.....there is no method to the madness...... Internets are the future no doubt...... and wireless is the next big thing...you heard it from Mogul. Nutty day....drinks on me..... Jack and coke please...yummy!!!

To: westpacific who wrote (3616)	10/21/1999 4:12:00 PM
From: puborectalis	Respond to of 5529

Hot Stocks Thu, 21 Oct 1999, 3:39pm EDT Aether Systems More Than Triples in First Day of Trading By Per H. Jebsen Owings Mills, Maryland, Oct. 21 (Bloomberg) -- Aether Systems Inc., which has developed wireless systems allowing users of handheld computers to receive market quotes and trade stocks, more than tripled in its first day of trading. The Owings Mills, Maryland-based company rose 29 1/2 to 45 1/2 as about 5.4 million in midday trading as 5.4 million shares changed hands. Earlier, it traded as high as 55, giving the company a market value of $1.43 billion. Aether provides such wireless financial information and trading services as `Reuters MarketClip,' started in March, which delivers news stories and price quotes from Reuters Group Plc to Palm Pilot and Windows CE handheld devices; and `TradeRunner,' started in August, which allows Discover Brokerage's online customers to trade stocks using Palm Pilot devices. The company is developing a wireless financial data system for Charles Schwab Corp., which is the biggest Internet brokerage. Also, the company is in a venture called OpenSky with 3Com Corp. to develop the market for wireless Internet access, e- mail and e-commerce transactions. Aether lost $4.5 million on sales of $599,000 in the six months ended June 30 compared with a loss of $2.1 million on sales of $125,000 for the same period a year ago. The company said wireless network carriers such as AT&T Wireless Services and Bell Atlantic Mobile, software developers such as Microsoft Corp. and Phone.com, as well as International Business Machines Corp. could compete with it. The Owings Mills, Maryland-based company sold 6 million, or a 23 percent stake, to raise $96 million yesterday. The share price of 16 was above the $13 to $15 range set before the sale. Merrill Lynch & Co. is handling the sale. Aether trades under the symbol ``AETH' on the Nasdaq Stock Market. BancBoston Robertson Stephens, Donaldson, Lufkin & Jenrette Securities Corp., and U.S. Bancorp Piper Jaffray assisted in the sale. Bloomberg News, Bloomberg Financial Markets, Bloomberg Television and Bloomberg Tradebook compete with Reuters in providing news, information and trading systems to the financial community.