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Aether hires strategic adviser

OWINGS MILLS, Md.-Aether Systems Inc. hinted at future major business moves with the appointment of strategic advisory company Friedman, Billings, Ramsey & Co. Inc. Aether said the firm would help advise the company on possible “acquisitions of new or complementary businesses, additional divestitures, investment strategies, or other strategic initiatives.”

Aether said it hopes such business moves will help form a long-term strategy of success. Aether’s investors appeared pleased by the move, sending the company’s stock up slightly to $4.80.

Aether has stated its intent to engage in further strategic moves.

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