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Owings Mills, Md., Wireless Developer Hires Virginia Investment Firm.

By Dan Thanh Dang, The Baltimore Sun Knight Ridder/Tribune Business News

Feb. 27–After cutting hundreds of jobs and shedding several earlier acquisitions over the last few years, Aether Systems Inc. said yesterday it has hired a Virginia investment firm to help the Owings Mills wireless developer turn around its sagging fortunes.

Friedman, Billings, Ramsey & Co. Inc. will advise Aether on possible strategies for the future. That could include acquiring new or complementary businesses, selling off other parts of the company, new investment strategies or other initiatives.

Company officials declined to elaborate. Founder and chief executive officer David …

COPYRIGHT 2004 Gale Group

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