The Government has offered Australia's three mobile operators, and vividwireless, renewal of their existing spectrum allocated on 15 year licences in the late 90s and early 2000s at set prices, while the Government expects to rake in $3 billion.
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Renai LeMay
Tuesday, 31 August 2010 17:00
The long-time chief executive of troubled e-health giant iSOFT, Gary Cohen, has resigned without a statement and is refusing to take calls from the press, in the face of disastrous annual results over the past year that have seen revenues shrink.
Cohen’s resignation was revealed today as part of the company’s annual financial results for the year to 30 June, in which it revealed revenues were down 20 percent to $431 million over the previous year, and earnings before interest, depreciation and taxation down 77 percent to $30 million. iSOFT has commenced an in-depth review into its operations as a result.
“As part of the review, iSOFT chief executive officer Gary Cohen has agreed to step aside as CEO to focus on assisting the board in the evaluation of strategic options for the company,” a statement issued by the company said today.
Subsequent to the statement, a company spokesperson refused to make Cohen available for comment — or his deputy, chief operating officer Andrea Fiumicelli, who will take his place temporarily while a permanent replacement is found.
A call to Cohen’s personal mobile rang out.
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