Gartner welcomes dotcom demise

McCabe welcomed Monday's sharemarket crash as a "a good thing". He said the share price fall which hit many "overpriced" dotcoms, such as Solution 6 and Melbourne IT, had been long awaited.

Solution 6 fell on Monday below the $6 mark -- less than one-third of the dizzying heights of $18 that shareholders enjoyed last year. However, Solution 6's marketing manager, Rushenka Perera, said the one-quarter Telstra-owned accounting software giant remained optimistic about its already rebounding share price. Solution 6 looked forward to a "turnover" of "fresh shareholders", Perera said.

Meanwhile, Melbourne IT's chairman, Rob Stuart, agreed with McCabe's claims that Monday's bloodbath was a "good thing" and that the market had been holding many overpriced stocks.

McCabe pointed out that some listed technology companies from the "old economy" suffered unfairly because investors had confused those businesses with the more-speculative dotcoms. Stuart contended that his own company, which more than halved its $16.37 peak, had suffered in this way.

Stuart argued that his company's revenues had increased by more than 100 per cent year-on-year, and was on track to grow almost a further 100 per cent this financial year. "But it was a healthy correction," he said. "Better it happened now then later."

Meanwhile, ISP Eisa, whose share price dipped by more than two-thirds to 93 cents on Monday, issued an ASX release confirming the company was confident it was still "on track" to complete its first round of funding to acquire fellow ISP OzEmail from UUNet "within the timeframe originally envisaged".

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

Byron Kaye

PC World
Comments are now closed.

Latest News Articles

Most Popular Articles

Follow Us

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.

Resources

Best Deals on GoodGearGuide

Compare & Save

Deals powered by WhistleOut
WhistleOut

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?