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.

Strategies & Market Trends : Guidance and Visibility -- Ignore unavailable to you. Want to Upgrade?

To: ChrisJP who wrote (8884)	7/27/2001 2:53:30 PM
From: SusieQ1065	Read Replies (1) \| Respond to of 208838

I like this kind of market...you can play both ways on a day like today, huh?

To: ChrisJP who wrote (8884)	7/27/2001 3:01:08 PM
From: 2MAR$	Read Replies (1) \| Respond to of 208838

Aether Up -2: Speculation Seen Ahead Of 2Q Report >AETH By Michael Buettner Of DOW JONES NEWSWIRES RICHMOND (Dow Jones)--Shares of Aether Systems Inc. (AETH) rose sharply for a second straight day as investors apparently have begun to focus on the company's positives a month after an earnings warning sent the stock to an all-time low. ABN Amro Inc. analyst Keith Bachman suggested that Wednesday's second-quarter results from 724 Solutions Inc. (SVNX), a rival wireless communications company, prompted optimism for Aether. Bachman said 724 "had a decent quarter," but that the company's results overall indicate "visibility is still poor" in the industry. As a result, he said, the sharp advance in Aether's shares is "not justified." Aether officials were not immediately available for comment. Salomon Smith Barney analyst John H. Hill said there is suggested investors are betting that the company's second-quarter results, to be released after the market closes Wednesday, will be better than expected.. Hill noted that Aether's stock has been beaten down over the past year. The company, a provider of software and services for corporate wireless applications, operates in a sector that "was widely expected to take off (exponentially)." Those expectations drove Aether's stock price to an all-time closing high of $315 a share at the peak of the technology stock bubble in March 2000. Since then, the price has fallen dramatically, posting an all-time low of $7.39 on June 26. That low came as Aether's announcement that it was lowering its revenue forecasts for the second quarter and second half, saying growth would be flat to modestly lower compared with the previous year. The company said it still expects to have positive earnings before interest, taxes, depreciation and amortization by the third quarter of next year. He also said Aether has a solid balance sheet, which should enable it to wait out the current sluggishness in the economy without undue financial strain. Aether's shares traded recently at $10.92, up $1.23, or 13%, after posting a gain of $1.15, or 14%, on Thursday. Trading volume on Friday was at 1.5 million, about equal with the daily average. -By Michael Buettner, Dow Jones Newswires; 804-698-7385; michael.buettner@dowjones.com