ImageAs I was having my Saturday morning capuccino with my running buddies (you can keep your skinny lattes), one of the group asked me, "How is that Telstra announces a better than $4 billion profit and my shares just continue to go down?"

Friday, 29 October 2004 20:09

SoftLaw appoints new CEO

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Legal software developer SoftLaw Corporation Ltd (ASX:SLC) has appointed Surend Dayal as chief executive officer, effective immediately. Dayal replaces Keith Andrews, who resigned earlier this month, and  is a long-standing employee of SLC. He was appointed chief operating officer of the company after returning to Australia from the UK, where he was general manager of SLC's UK office. Dayal will be paid a fixed salary of $200,000 per year, including superannuation.

ICT security vendor, Senetas Corporation Ltd (ASX:SEN), has had its SONET/SDH data encryptor technology selected by the US Department of Defence to secure US military installations world wide in an order said to be greater than US$10 million.

Wealth management software group, IWL Limited (ASX: IWL) announced a strong performance in the first quarter of the current financial year, recording robust, double digit growth in both operating revenues and underlying earnings.

ICT recruiter, Candle Australia Limited (ASX:CND), has completed its acquisition of library, archives, records management and knowledge management recruiter, The One Umbrella.

National Australia Bank has announced an agreement with Computershare (ASX:CPU) to outsource the provision of share registry services. Computershare already supported the National's internal share registry operations by providing systems for managing the share registry, document mailing and AGM services. Staff previously employed by the National's share registry will take up positions with CPU.

Friday, 29 October 2004 18:15

Cape Range Wireless short on cash

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Wireless hardware developer, Cape Range Wireless (ASX:CAG), finished the September quarter with just $76,000 in the bank, after going backwards by more than $1.5 million. CAG issued a statement to the ASX, saying that it was in negotiations for further equity and debt funding to raise cash for to meet its ongoing working capital requirements, details of which would be provided to shareholders soon. The market appeared to be satisfied because CAG shares rose more than 10% to close on 3.9c in moderately high volume trading.

Byte Power Group Limited (ASX:BPG) will be setting up a new subsidiary in China. The new Byte Power subsidiary will be created to primarily assess and execute the e-kiosk internet network project which was announced to the market on 1 October 2004.

Soundcard hardware vendor, Creative Labs, and Australian online media portal ninemsn have formed an alliance to offer 95c music downloads for customers who buy a Creative Digital Audio Player.

iiNet Limited (ASX: IIN) will install three IronPort C-Series email security appliances at its operations in Australia and a further two appliances will be deployed at at its New Zealand subsidiary ihug.

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