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


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.