Aether Systems Skyrockets on AOL Pact

Publish date:

Aether Systems


was gaining 27.1% to $8.40 before the bell in Instinet trading.

Tuesday morning, the company said it signed a deal with America Online, a division of

AOL Time Warner


, to develop and market Web and wireless services.

In addition, America Online will make a minority investment in Aether Systems, but details weren't disclosed.