Press Release: June 27, 2000

WR Hambrecht + Co Initiates Coverage of Aether (AETH) with a Buy Rating and a Target of $275

Uniquely positioned provider of wireless data solutions for enterprisesUnique service positions Company for long-term profit

San Francisco, CA, June 27, 2000—WR Hambrecht + Co today initiated research coverage on Aether(AETH) with a buy rating and a price target of $275. WR Hambrecht + Co.’s eWireless analyst Peter Friedland cited Aether’s end-to-end wireless data solution for enterprises and early market leader advantage as key reasons for the rating. WR Hambrecht + Co offers all its research reports free and real-time at www.wrhambrecht.com.

"We believe Aether’s end-to-end solution uniquely positions the company to benefit from the growth of wireless data services. Though other companies provide individual elements, Aether is the only company to bundle these services into a complete package," Friedland said.

Friedland projects Aether’s total revenues will reach $35.0 million in 2000 and $90.0 million in 2001, up from $6.3 million in 1999.

Aether is an end-to-end provider of wireless data solutions, enabling enterprises to extend business applications to wireless devices.