Thursday 20th April 2000
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Siemens said it was gearing up for major expansion of its telecommunications business after adding two local partners. Atlas Gentech, with 1300 retail outlets nationwide, and South Island-based Cablecraft would give Siemens a strong network to increase sales of voice/data systems and products, the company said.
Telemedia Networks International has won its second major contract in Japan. This contract will see Telemedia supply equipment to Tokyo-based telco Nexing, formerly known as Multinet Tokyo. Telemedia will supply, install and support an intelligent network solution for Nexing, which will then provide a wide range of prepaid and calling card services.
Advantage Group is increasing its stake in Advantage Portable Technologies (formerly Computer Enhancements) and is acquiring Australian distribution company, Leopard Systems, in a bid to increase its share in the wireless market. Advantage will now own 80% of Advantage Portable Technologies, a distributor of Symbol, up from 50%, by issuing $2.8 million in shares. Advantage's stake in Leopard Systems, through Advantage Portable, will be a 50% stake for $A250,000.
Employment site company nzjobs.co had experienced 100% growth in the past six months with billings last month of $100,000, general manager Tessa Stewart said. "A New Zealand-owned internet site can produce a strong bottom-line profit," she said. nzjobs.co had over 124,000 user sessions last month and 4.9 million hits.
A Deloitte survey shows local businesses are lagging behind in getting into e-business and are not adopting new technologies much faster than they were a year ago. The full findings of the survey will be announced next week.
Vodafone and IBM have announced a local alliance to provide mobile e-business solutions using wireless application protocol (WAP) after a recently announced global contract. The contract would allow Vodafone to provide its customers with remote access to in-house databases and productivity tools, the companies said.
Listed technology investor Strathmore Group has reported a consolidated profit of $1.36 million for the six months to January 31 after a $1.54 million loss for the same period last year. The result represents earnings of 2.3c per share compared with a loss of 6.9c a share. The profit was on a gross turnover of $1.9 million and took into account a one-off gain of $2.04 million from the sale of Wellington Drive Technologies and writedowns related to Wellington Drive and CES Communications.
Telecom and pay television operator Sky Network are planning a packaged deal of digital TV, residential phone, mobile phone and internet services, with trials starting in May. Spokesmen said the deal was not exclusive and a decision on whether Telecom and Sky would formally package their services together would depend on the trial's results.
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