Karen Stuart

[Sydney, AUSTRALIA] CommSecure Limited has announced plans to acquire specialist Web developer The Internet Spider in a deal worth 6.5 million CommSecure shares and $600,000 in cash. The Internet Spider is the operating name for Sasanqua Pty Ltd, which established the company in 1994 and specializes in technical and online share trading Web sites. The […]

[Sydney, AUSTRALIA] LibertyOne has reached an agreement in principle to terminate its agreement with uBid. The agreement entitled LibertyOne to use uBid’s technolgogy in Australia and Asia. Earlier this month LibertyOne announced major changes to its operating structure and investments following a comprehensive review by the board and management aimed at cutting costs and rationalizing […]

[Sydney, AUSTRALIA] Eric Benhamou,chairman of 3Com Corporation has resigned as CEO, appointing Bruce Claflin to take over the post as of January 1, 2001. Claflin is 3Com’s president and chief operating officer. Benhamou will continue as chairman of 3Com’s board of directors. Benhamou appointed Claflin as president and chief operating officer in August 1998. Claflin […]

[Sydney, AUSTRALIA] Mid East Minerals, soon to be renamed Tomorrow Ltd, has made its first investment as part of its strategy to become a new economy company. Led by Wayne Bos, the former mining firm will invest in recently listed infrastructure company VivaNET, taking an option to acquire a shareholding of up to 53 percent […]

[Sydney, AUSTRALIA] Sun Microsystems has announced a new microprocessor, an array of network systems, software and services, which it said would form the foundation of the company’s network computing strategy for the next five years. “We’ve always thought network first,” said Sun president and COO Ed Zander “And, as you’d expect, today we’re announcing the […]

[Sydney, AUSTRALIA] Australians must commit themselves to “life long learning” if the country’s IT&T skills shortage is to be addressed, according to a report launched by Telstra group managing director Gerry Moriarty. The report, “The New Australian Learning System” was produced by professional organizations including the Victorian division of the Institution of Engineers Australia (IEA), […]

[Sydney, AUSTRALIA] Australian IP network provider Davnet has signed an agreement with Australian telecommunications carrier PowerTel that it claims will quadruple its reach in Australia. Powertel will provide intercity and intracity capacity including access to an additional 300 major buildings in three Australian cities. Davnet claimed the deal would increase its geographic market reach, giving […]

[Sydney, AUSTRALIA] IBM, Compaq, Dell, Com Tech, Cisco and others have joined a charity initiative called Putting IT Back– a fund to help children’s charities the Starlight Children9s Foundation and Giant Steps. On November 17, employees and the general IT community will be asked to contribute money from a few dollars to a day’s pay. […]

[Sydney, AUSTRALIA] California-based Commerce One and SAP will provide the technology platform for the marketplace; Telstra and PricewaterhouseCoopers will deliver offshore marketplace hosting, network infrastructure and systems integration, and U.S. Web-design firm marchFIRST will provide design and navigation for the corProcure Web site and intranet. Telstra will host the marketplace from overseas facilities in Asia, […]

[Sydney, AUSTRALIA] A consortium of financial institutions led by J.P. Morgan, AGL and AMP Asset Management today announced the closing of a total $175 million equity raising in what they claim will be Australia’s first national IP-based wholesale carrier, COMindico Holdings Pty Ltd. The startup funding was sourced from investors including Queensland Press; Kerry Packer’s […]

[Sydney, AUSTRALIA] Western Australian ISP iiNet has announced that it’s ADSL service will be rolled out in October. The company today announced a net profit after tax of $1.93 million for the financial year, up 30 percent from it’s previous annual result. iiNet currently has 46,500 subscriber accounts, and acquired 8 ISPs during the year. […]

[Sydney, AUSTRALIA] Having failed to achieve the mandatory 90 percent shareholder approval for its bid to acquire eisa, Austar said today it was “not in a position, and [did] not intend to compulsorily acquire shares in eisa.” But this evening the company announced in a statement headed “Austar continues acquisition attempt for eisa” that it […]