WR Hambrecht Cuts Aether Systems Rating

Analyst Peter Friedland believes Aether's margin shortfall adds to the uncertainty surrounding its business model

Aether Systems (AETH ) posted a narrower-than-expected Q1 loss from operations of $1.16 per share vs. a $0.29 loss one year earlier. WR Hambrecht downgraded its investment recommendation on the shares to neutral from buy.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.