Just six months after spending one third of a billion dollars to buy Kaz, one of Australia's best IT services companies, it appears that Telstra just cannot help itself. Telstra intends to flood Kaz with 1300 Telstra employees to create a computer and communications services company with "a new focus on small and medium businesses". Welcome to Groundhog Day!
Navman PiN $1049
Ever wished you could have a portable computerised street map that displayed the streets in fantastic 3D, and even spoke to you and told you which direction to go? Of course many cars have this function now, but what about a portable device that you could use when walking, or transfer into any car you choose, even if you travelled by taxi?
Internet and security software vendor, eGlobal International Ltd (ASX: EGI), has appointed John Palfreyman as chairman, effective December 2004, subject to the company successfully completing a capital raising and ratification by shareholders. Palfreyman's was previously the executive chairman of 90 East Inc, a managed security services provider to Federal Government agencies. Prior to that, he was managing director of Baltimore Technology (Asia Pacific), a supplier of public key infrastructure based e-commerce and enterprise security systems to banks and large corporates.
EGI also appointed Craig McKell as chief operating officer of the company's main operating arm, Securix. McKell was previously the head of sales and marketing at Telecom New Zealand Australia. He has also been director of e-Business at PricewaterhouseCoopers.
Animated electonic signage manufacturer, Lumacom (ASX:LUM), has signed an exclusive agency agreement with Clear Channel Spectacolor, a division of the NYSE-listed outdoor media company, Clear Channel. The agreement will involve Clear Channel selling advertising for the company's high tech LumaPanel sign currently being erected on the NASDAQ building located in Times Square, New York. The LUM sign will span a 272 sqms in sign frontage on the western elevation of the NASDAQ building.
Clear Channel's New York office has a dominant position in advertising for Times Square signage, according to a LUM statement to the ASX. The terms of the agreement provide for the advertising to be sold on a commission only basis.
After two years of steadily dwindling cash reserves, retail software solutions vendor Pacsoft (ASX:PAC) has decided to quit the software business and sell the intellectual property to the founding CEO Andrew Darbyshire.
Sensis CEO, Andrew Day, has resigned from his position, effective 31 December, 2004. He leaves the Telstra (ASX:TLS) directories subsidiary to take up a position as CEO of the European-based World Directories Company. Since being appointed CEO of Sensis in October 1999, Day has seen Sensis evolve from being a largely print-based directory company to become a multi-channel, search and advertising business. Telstra has already started the search for a new CEO for Sensis.
Telstra (ASX:TLS)has publicly put paid to recent speculation over an offer from a New Zeland company to buy all of its shares. In a letter to the ASX, signed by company secretary Douglas Gration, Telstra said that any such take-over offer would face insurmountable obstacles. The two main stumbling blocks: the Telstra Corporation Act requires the Commonwealth of Australia to hold at least 50.1% of the shares in Telstra and that no individual foreign person or company holds more than 5% of the non-Commonwealth owned shares in Telstra. The letter went on to say that Telstra had no previous contact with the company making the offer, King Win Laurel International Limited and that the offer was most likely a hoax.
Securities industry technology and services provider, Computershare Limited (ASX:CPU), will pay US$292 million to acquire EquiServe, one of the largest share registrars in the US, sending its stock soaring. CPU will buy EquiServe from NYSE-listed software and services company DST Systems, Inc. for US$216 million borrowed cash plus 29.6 million CPU shares at their price when the deal was struck.
GoConnect Ltd (ASX:GCN) has entered into an agreement that will see ABC news content delivered to mobile phones and pocket PCs using the company's patented technology of m-Vision.
Security encryption vendor, Senetas Corporation Ltd (ASX: SEN), through its international distributor SafeNet Inc, has announced bold predictions of a minimum US$50 million revenues from a new data encryption product line.
Epson PictureMate - $399
Epson's new PictureMate is aiming to be the highest quality photo printer on the market, using a 6 ink colour system for the closest colour match possible and 5760 dpi resolution for printing photos at the best quality. It also lets you print from all of the major memory cards without any adapters or needing a computer, although it of course can be connected to a PC as with any other printer. The Epson also features a 'PictBridge' socket, letting you connect a compatible camera to the printer via a cable, and print directly from the camera. The advantage is that you can see the photo you're about to print on the screen of your camera. It also comes with a nifty handle to transport the unit easily. At $399 it's affordable, and you can even buy an optional Bluetooth wireless module ($187) letting you print photos from compatible Bluetooth phones instantly.
Fujitsu Australia Limited today announced the acquisition of the Australian operations of Atos Origin to gain SAP expertsise. Globally, Atos Origin is a 5 billion Euro (A$8.5 billion) a year, Paris-based provider of business application and IT outsourcing services.
Networking vendor Netcomm (ASX: NTC) and wireless broadband service provider Personal Broadband Australia (PBA) have struck a marketing deal to deliver wireless networking solutions for corporate and home users.
Electronics assembly equipment vendor, Autron (ASX:AAT) has appointed Alvin Lee as group vice president corporate development. Lee has a financial services background, having been associate director at Summit Securities, director, ong & Company and director, Millenium Securities. His most recent positions were director of strategic development and later group vice president, Asia Pacific at Raffles LaSalle Limited.
Image recognition developer Biometrics Ltd (ASX:BIX) has appointed Robert Mennie as technical director. Mennie, 44, has more than 20 years experience in software development. For 11 years he held a senior position managing software development for financial solutions provider Ultradata. For the last 5 years he has been involved in the development of e-commerce and electronic supply chain management solutions. In late 1999 and early 2000 Mennie participated in a pilot for the US Federal government, conducted by CommerceNet. Following this Mennie was involved in a smart card solution for the Greater San Francisco public transport board. More recently Mr Mennie has been designing and building an e-commerce solution for the SME market with Cat Tech Limited, which he founded.
Billing systems software vendor, Hansen Technologies Limited (ASX:HSN), issued a statement to the ASX today saying that the company is unable to explain the reason its shares have risen dramatically on heavy trading recently.
Financial services software group, IT&e Limited (ASX:ITE) has signed an agreement to acquire Treasury Management Systems, LLC (TMS), a New York based provider of treasury management systems to the global financial services sector, for $2.7 million in shares.
Automotive cataloguing and software management systems vendor, Infomedia (ASX:IFM) reported sales revenue and net profit after tax (NPAT) for Q1 2005 declined over the same period last year.
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