Paul Waide

Australian Internet stocks were hammered in Thursday morning trade as US Internet plays continued their fall Wednesday. The US’ Nasdaq plunged 3.92% or 189.33 points to 4644.67 while internet.com’s Internet Stock Index dropped 67.72, or 6.41 percent, to 988.95 on Wednesday. After lengthy talks AAPT (AAP) and US based Internet giant America Online Inc. (AOL) […]

Australia’s number 3 ranked telco AAPT and America Online announced a 50/50 joint venture to operate AOL Australia Thursday morning. AOL Australia will maintain exclusive rights to offer AOL (AOL) and Compuserve services in Australia and now utilize AAPT’s telecommunications infrastructure. The announcement comes more than a week after AAPT announced it was in discussions […]

International broking giant Merril Lynch (MERL) announced its entrance into the Australian online broking fray Friday, with the launch of Merrill Lynch Online Australia. Merrill Lynch clients will be able to trade Australian equities, see research and real time stock quotes online. The online service will not bypass Merrill’s financial advisers, but offer a full […]

With the benchmark Australian All Ordinaries index hovering around record levels and the US’ Nasdaq making another run at 5000, Australia’s big Internet plays finished the week on a high. The week past saw Australia’s biggest technology sector deal and a lot of US driven volatility in the Internet space. Deal of the week obviously […]

“Sausage’s core offerings perfectly fit with Solution 6’s e-Business platform,” read Solution 6‘s (SOH) release announcing its intention to merge with Australian Internet software pioneer Sausage Software (SAS) in a 6 for 10 stock swap Monday morning. News of the Aus $3.5 billion deal sent stock in both companies skyrocketing. At 1430 AET, Solution 6 […]

Australian Net stocks soared Monday morning on a wave of Solution 6 (SOH) generated positive sentiment. A 1.71% jump on the US’ Nasdaq to 4798.13 Friday also pushed Internets higher Monday. Stock in accounting software company Solution 6 surged on open after it announced plans to take over Australian Internet software pioneer Sausage Software (SAS) […]

When Cameron Chell, founder of Canadian strategy bank Chell.com, predicted Monday that industry heavyweights like Telstra Corp. (TLS) would eventually dominate the Australian Application Service Provider or ASP market, he probably wasn’t expecting that dominance to come this soon. On Wednesday Telstra announced ASP trials that will see the ubiquitous Microsoft Office Suite offered to […]

Investors battered Internet counters Thursday after the US’ Nasdaq Composite sank another 123.95 points to 4582.68 while the Dow Jones industrial average leapt 3.26%. The benchmark Australian All Ordinaries Index was up 0.9% at midday, lead by a surge in resource stocks. Thin volumes and a 12.3% drop on the Nasdaq Wednesday saw dual listed […]

Australian Internet and technology counters fell Wednesday morning as investors mimicked the profit taking seen in the US Tuesday. Tuesday saw the Nasdaq’s biggest fall in 2 months, dropping over 4% or 200.61 points to 4,706.63. Basking in the glow of its deal with the Seven Network, ISP and aspiring Multimedia Service Provider Access1 was […]

Canada’s Cameron Chell, founder and CEO of Chell.com, gave Australian Application service providers (ASPs) a boost Friday when he announced the launch a U.S. $30 million venture capital fund to assist the growth of start up Internet ASP companies in Australia. Chell’s own focus on ASPs may be inspired by a personal affinity with ASPs, […]