Aether Systems Announces $15 Million Buyback of Convertible Debt.Business Editors/Hi-Tech Writers OWINGS MILLS, Md.--(BUSINESS WIRE)--April 2, 2002 Aether aether: see ether, in physics and astronomy. Aether god of whole atmosphere. [Gk. Myth.: Jobes, 42] See : Air Systems, Inc. (Nasdaq:AETH), a leading provider of wireless data products and services, today announced a company buyback Buyback The buying back of outstanding shares (repurchase) by a company in order to reduce the number of shares on the market. Companies will buyback shares either to increase the value of shares still available (reducing supply), or to eliminate any threats by shareholders who may of $15 million in convertible debt. The buyback was completed in early March 2002 at a discount to face value. In May 2001, the company announced its previous $20 million company buyback in convertible debt. "Aether is continuing to optimize optimize - optimisation our collective and unique set of assets to strengthen our market positioning and financial posture with an unyielding concentration on shareholder value. Our market focus is geared towards vertical markets that are demonstrating a compelling return on investment today by using wireless data solutions. By reducing our convertible debt by another $15 million at a significant discount, we are also amplifying the company's prudent fiscal management and confidence in our actions and outlook," said Aether Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Dave Oros. Oros continued, "We quickly acted upon the strategy of focusing on areas of near-term traction Traction Definition Traction is the use of a pulling force to treat muscle and skeleton disorders. Purpose Traction is usually applied to the arms and legs, the neck, the backbone, or the pelvis. by enhancing our Transportation and Logistics division's product line. Additionally, we are due to release robust products during the second half of this year that will address the mobile needs of the enterprise business worker, such as field service and salesforce automation." Recently, Aether announced that it would be centering its resources on core and near-term revenue opportunities - areas where the company has either developed a leadership position or has recognized a clear market opportunity, while reducing development efforts on initiatives with a longer path to revenue. To bolster This article is about the pillow called a bolster. For other meanings of the word "bolster", see bolster (disambiguation). A bolster (etymology: Middle English, derived from Old English, and before that the Germanic word bulgstraz this focus, Aether subsequently acquired certain assets and licenses that expanded its products, services, and customer base in its Transportation & Logistics (T&L) division. The company is focused on the markets of Enterprise Solutions that empower empower verb To encourage or provide a person with the means or information to become involved in solving his/her own problems the remote workforce, T&L, Mobile Government, and Small Business Systems through its relationship with America Online See AOL. . About Aether Systems, Inc. Aether Systems helps enterprise customers improve efficiency and profitability by providing the services, software and support necessary to extend existing and future applications from the desktop to any wireless device. Through Aether Fusion(TM), Aether's wireless enabling technology foundation, Aether develops, deploys and manages wireless solutions built on industry standard technology and backed by Aether's expertise in wireless hosting, software and services. Aether provides the worlds of business and government with a single source for reliable, scalable and cost effective wireless solutions. For more information, please visit www.aethersystems.com. This press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. When used herein, the words anticipate, believe, estimate, intend, may, will, and expect and similar expressions as they relate to Aether Systems, Inc. (Aether or Company) or its management are intended to identify such forward-looking statements. The Company's actual results, performance or achievements could differ materially from the results expressed in, or implied by, these forward-looking statements. Factors that could cause or contribute to such differences include: (1) whether sales levels of our products and services perform according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. our expectations; (2) whether trends indicated to date continue into the future; (3) whether trends indicated to date continue into the future; (4) whether products are released according to our expectations; (5) whether changes in business conditions, company strategy or other factors occur; (5) the effects of past or future terrorist attacks, and (6) the other factors discussed in our filings with the Securities and Exchange Commission. Aether undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Actual results could differ materially for a variety of reasons and circumstances CIRCUMSTANCES, evidence. The particulars which accompany a fact. 2. The facts proved are either possible or impossible, ordinary and probable, or extraordinary and improbable, recent or ancient; they may have happened near us, or afar off; they are public or . |
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