Stock Watch: Aether Systems Gains on Visa Pact

Aether Systems, Inc. (Nasdaq: AETH) gained 7 11/16 to close at 144 1/16 Wednesday, after the wireless data company announced an alliance with Visa U.S.A. to work on wireless e-commerce services.

Aether and Visa will develop systems to support bill payment, purchasing and other e-commerce services over wireless devices. The companies said they expect the market for mobile e-commerce services to “explode” in coming years, changing business in much the same way the Internet has changed commerce.

Research firm The Yankee Group expects so-called “m-commerce” to account for 25 percent of e-commerce by 2005.

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