Tech stocks thrown in the deep end

Despite strong prospects from company directors, Worldshool debuted on the ASX yesterday 55 per cent below its issue price of $1 and closed the day's trading at around 28 cents. Trading this morning has seen the education portal company rise slightly to a high of 33 cents, as of 11:30am.

Multimedia infotainment company Terraplanet is also confident it will be spared from the stock slide. Terraplanet closed its IPO with over 3000 applications and limited its acceptances to $21.5 million. Shares were issued at $1.

"The overwhelmingly positive response to our offer is a result of a combination of online initiatives and our existing offline properties which are already showing real turnover and real profits," John Spira, Terraplanet's chairman, said.

Meanwhile, adult products company Sharon Austen, which listed today, is showing stronger prospects. With close to a day's trading completed, the company is yet to fall below its issue price of 50 cents, but has not risen above 52 cents.

Other internet stocks hit by this week's slide include Ehyou.com and InvestorInfo.

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Luisa Bustos

PC World

Comments

Comments are now closed.

Most Popular Reviews

Follow Us

Best Deals on GoodGearGuide

Shopping.com

Latest News Articles

Resources

GGG Evaluation Team

Kathy Cassidy

STYLISTIC Q702

First impression on unpacking the Q702 test unit was the solid feel and clean, minimalist styling.

Anthony Grifoni

STYLISTIC Q572

For work use, Microsoft Word and Excel programs pre-installed on the device are adequate for preparing short documents.

Steph Mundell

LIFEBOOK UH574

The Fujitsu LifeBook UH574 allowed for great mobility without being obnoxiously heavy or clunky. Its twelve hours of battery life did not disappoint.

Andrew Mitsi

STYLISTIC Q702

The screen was particularly good. It is bright and visible from most angles, however heat is an issue, particularly around the Windows button on the front, and on the back where the battery housing is located.

Simon Harriott

STYLISTIC Q702

My first impression after unboxing the Q702 is that it is a nice looking unit. Styling is somewhat minimalist but very effective. The tablet part, once detached, has a nice weight, and no buttons or switches are located in awkward or intrusive positions.

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?