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".

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.
Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Byron Kaye

PC World
Show Comments

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Luke Hill

MSI GT75 TITAN

I need power and lots of it. As a Front End Web developer anything less just won’t cut it which is why the MSI GT75 is an outstanding laptop for me. It’s a sleek and futuristic looking, high quality, beast that has a touch of sci-fi flare about it.

Emily Tyson

MSI GE63 Raider

If you’re looking to invest in your next work horse laptop for work or home use, you can’t go wrong with the MSI GE63.

Laura Johnston

MSI GS65 Stealth Thin

If you can afford the price tag, it is well worth the money. It out performs any other laptop I have tried for gaming, and the transportable design and incredible display also make it ideal for work.

Andrew Teoh

Brother MFC-L9570CDW Multifunction Printer

Touch screen visibility and operation was great and easy to navigate. Each menu and sub-menu was in an understandable order and category

Louise Coady

Brother MFC-L9570CDW Multifunction Printer

The printer was convenient, produced clear and vibrant images and was very easy to use

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Featured Content

Product Launch Showcase

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?