Aether Systems, Inc. to Acquire mobeo Inc., Extending Wireless Financial Services Offerings; Acquisition Combines Strengths of the Companies' Wireless Financial Services Offerings.OWINGS MILLS, Md.--(BUSINESS WIRE)--Aug. 25, 1999-- Aether aether: see ether, in physics and astronomy. Aether god of whole atmosphere. [Gk. Myth.: Jobes, 42] See : Air Systems, Inc., a leading provider of wireless data services and systems enabling people to use wireless handheld devices for real-time data Real-time data denotes information that is delivered immediately after collection. There is no delay in the timeliness of the information provided. Some uses of this term confuse it with the term dynamic data. communications and transactions, today announced the execution of a definitive agreement to acquire mobeo, Inc. of Bethesda, Maryormation. The acquisition enhances Aether's finaan expanded direct sales presence in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Ces on over 150,000 stocks, options, futures, treasury, foreign exchange and other critical market data content to thousands of financial customers. Since March, 1990, mobeo has been providing wireless access to global and US financial market data to the largest banks and financial institutions, hedge fund hedge fund, in finance, a highly speculative, largely unregulated investment device. Originating in the 1950s, the funds "hedge" by offsetting "short" positions (borrowing a security and then selling it at a higher price before repaying the lender) against "long" and money managers as well as individual investors and traders Traders Individuals who take positions in securities and their derivatives with the objective of making profits. Traders can make markets by trading the flow. When they do this, their objective is to earn the bid/ask spread. . mobeo is headquartered in Bethesda, Maryland Bethesda is an urbanized, but unincorporated, area in southern Montgomery County, Maryland, just Northwest of Washington, D.C. It takes its name from a church located there, the Bethesda Presbyterian Church, built in 1820 and rebuilt in 1850, which in turn took its name from , and has sales offices in New York and Chicago. About Aether Aether Systems, Inc. is a leading provider of wireless data services and systems enabling people to use wireless handheld devices for real-time data communications and transactions. Aether's products include Reuters Reuters British cooperative news agency. Founded in 1851 by Paul Julius Reuter, it was initially concerned with commercial news but began to serve a growing newspaper clientele after the London Morning Advertiser subscribed in 1858. MarketClip(TM), providing real-time 1. real-time - Describes an application which requires a program to respond to stimuli within some small upper limit of response time (typically milli- or microseconds). Process control at a chemical plant is the classic example. financial market information, graphs, alerts and news stories, and TradeRunner(SM) from Discover Brokerage. TradeRunner provides Reuters MarketClip information plus the ability to trade equities, options and mutual funds. For more information, visit the Aether Web site at www.aethersystems.com. The matters contained in this release that are not purely historical are "forward looking statements," including, without limitation, any statements included herein regarding the integration of the operations or products of Aether and mobeo, the closing of the transaction referred to above, Aether's or the combined company's future product development and commercialization, product sales and other revenues, market opportunities, beliefs, expectations, goals, financial performance and future strategies, all of which are dependent on certain risks and uncertainties that may cause actual results to differ materially from those expressed in these or any other forward looking statements made by or on behalf of Aether. These risks and uncertainties include such factors, among others, as the timing and cost of operational and product integration, the potential for fluctuations in Aether's or the combined company's quarterly operating results, Aether's ability to attract and retain qualified personnel and the other risk factors listed in the company's prospectus dated August 20, 1999, and in other filings with the Securities and Exchange Commission. |
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