Aether Systems Announces Preliminary Results of Tender Offer for a Portion of Its Debt Securities.Business Editors/High-Tech Writers OWINGS MILLS, Md.--(BUSINESS WIRE)--Nov. 13, 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 and mobile data solutions, today announced that it has completed its tender offer (the "Offer"), announced on Oct. 15, 2002, for a portion of its debt securities. The offer expired at 12:00 midnight ET, on Tuesday, Nov. 12, 2002. Based on preliminary information, approximately $38 million in principal amount of the Notes were validly tendered and not withdrawn in the Offer. The determination of the final principal amount of the Notes accepted for payment is subject to the final confirmation of the proper delivery of the Notes tendered and not properly withdrawn. Aether will make a final announcement regarding the principal amount of Notes accepted for payment in 3 business days. Based on preliminary information, Aether will purchase all tendered Notes accepted for payment at a purchase price of $750 per $1,000 principal amount of Notes. Aether will pay to the depositary DEPOSITARY, contracts. He with whom a deposit is confided or made. 2. It is, the essence of the contract of deposits that it should be gratuitous on the part 'of the depositary. 9 M. R. 470. the aggregate purchase price, including accrued interest Accrued Interest The interest that has accumulated on a bond since the last interest payment up to but not including the settlement date. There are two methods for calculating accrued interest: 1) 360-day year method, used for corporate and municipal bonds. through Nov. 14, 2002, for the Notes accepted for payment on Nov. 12, 2002. "We wanted to support our stakeholders Stakeholders All parties that have an interest, financial or otherwise, in a firm-stockholders, creditors, bondholders, employees, customers, management, the community, and the government. by providing this liquidity opportunity and we are encouraged by the results," said 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. "While the offer to repurchase re·pur·chase tr.v. re·pur·chased, re·pur·chas·ing, re·pur·chas·es To buy (something) again. n. The act of buying something that one previously sold or owned. Noun 1. was higher, these results represent a vote of confidence in terms of how the company is positioned for the long term. We will continue to move forward on our strategic plan." Credit Suisse First Boston Credit Suisse First Boston was originally the trading name of the Financière Crédit Suisse-First Boston, a London-based 50-50 investment banking joint venture formed in 1978 between the First Boston Corporation and Credit Suisse. Corporation acted as dealer manager and D.F. King & Co., Inc. acted as the information agent in connection with the Offer. About Aether Systems, Inc. Aether Systems delivers wireless and mobile data solutions that make people more productive and their organizations more profitable. Aether's products and services are built on Aether Fusion, the company's standards-based platform that allows for secure, reliable extension of critical information to virtually any wireless or mobile environment. Return on investment in Aether solutions comes from a unique combination of strengths - quick access to multiple back-end information sources, workflow The automatic routing of documents to the users responsible for working on them. Workflow is concerned with providing the information required to support each step of the business cycle. that is optimized for specific industries, and turnkey See turnkey system. deployment services and professional support. Backed by years of in-market expertise, Aether is making it possible for thousands of businesses and government agencies to unleash the power of the mobile workforce. 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 the 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. |
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