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Strategies & Market Trends : The Thread -- Ignore unavailable to you. Want to Upgrade?


To: Bald Man from Mars who wrote (32203)2/12/2001 4:26:01 PM
From: HandsOn  Read Replies (1) | Respond to of 49816
 
Last week I lost on Paper a week's worth of profits, but luckily had probably My best week ever the week before that.



To: Bald Man from Mars who wrote (32203)2/12/2001 5:14:48 PM
From: SpinCity1  Respond to of 49816
 
=DJ Aether Sys Up -2: Analyst Cites Short-Covering
12 Feb 13:52

NEW YORK (Dow Jones)--Bouncing back from its 52-week low last week, shares of
Aether Systems Inc. (AETH) rallied up as much as 13% Monday.

"The stock has taken a big hit since its fourth quarter results," said Scott
Sutherland, analyst at Wedbush Morgan Securities, noting that at this level,
investors are finding value in the stock.

Although Aether beat fourth quarter revenue estimates, the wireless
technology company saw its shares fall for four consecutive days last week when
analysts cut ratings over concerns about increased spending and changing
revenue mix.

Merrill Lynch analyst Virginia Syer added that some technical short covering
has pushed up the stock's price. Also, Aether has been participating in
conferences and setting up meetings with institutional investors.

Analysts also pointed to the introduction of new products. In a press
release Monday, Aether announced the introduction of ScoutSync v.3.6, ScoutIT
v.3.6 and ScoutExtend, which adds capability to existing products.

Investors are realizing that Aether still has a strong customer list, is
increasing new products and has a strong engineering force, said Sutherland,
who said he is taking a "wait and see" approach.

Aether shares recently traded at $30.88, up 7.9% or $2.25, on volume of 1.8
million shares. Average volume is 2.7 million shares.

Officials were not immediately available for comment.


(MORE) DOW JONES NEWS 02-12-01
01:52 PM

Copyright 2001 Dow Jones & Company, Inc.