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HP job cuts loom for Australian employees
A number of Australian employees of Hewlett-Packard are facing the loss of their jobs as the global computer giant looks to slash its worldwide workforce by up to 30,000.
read moreCommander shares plunge 18% despite strong results
Stan Beer
Tuesday, 23 August 2005 05:10
Voice and data communication solutions provider, Commander Communications (ASX:CDR), announced strong results for 2005, with big increases in revenue and after tax earnings but still saw its shares slide sharply down on heavy trading.
Revenue for the year increased to $615 million, an increase of 25% over the previous year, while net profit after tax increased by 150% to $23.6 million.
Financial year 2006 guidance given to investors was conservative, with projected revenue growth of 23-23% and EDITDA growth of 2-11%.
CDR closed down 46c to finish on $2.07 in heavy trading.
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