Aether Systems Falls on Lowered Outlook - TheStreet

Wireless technology provider Aether Systems (AETH) was down 12.5% in preopen Instinet trading after the company warned that revenue growth for the remainder of the year will be "flat to modest."

The company also unveiled a plan to cut costs by as much as $78 million, including an unspecified number of job cuts and a restructuring of Aether's European operation,

Sila Communications

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Aether said it still expects to have positive EBITDA in the third quarter of 2002. The company blamed the prolonged economic downturn for its revised outlook.