Stories about: IT&E

IT&E Limited (ASX: ITE) has placed over 17 million new shares in a bid to raise working capital.

An anxious E-Store director Steve Spilly faced the firing squad today, $2.52 million in debt and facing possible legal action.

Optus and Nokia, QSI and Sun, IT&e and Advent One, as well as Reckon and Southmark make the news

In its continuing struggle towards profitability, listed IT services provider and product distributor IT&e has decided to sell its distribution business and concentrate instead on "pure e-commerce and IT services"

There have been significant changes at e-commerce developer IT&e where Bob Johnson has been appointed CEO and Matthew Brown has moved into the finance director's job.

Through its Garage Program Hewlett-Packard has given its support and $6 million to trade exchange builder World Trade Online Holdings. In other deals Pink Elephant has bought an Australian company, while Adacel has bought the subsidiary of a US company and Keycorp has entered a deal with MasterCard. In the US, the gloomy financial forecasts continued unabated

ASX-listed e-commerce and distribution group IT&e has joined the list of public technology companies shedding staff after letting 11 head office and administration staff go this week.

To cope with rapid regional growth Tivoli Systems has added some muscle to its Asia/Pacific management team with four appointments. At the same time IT&e lost its chief executive, while newcomer E.piphany named its A/NZ head

Accounting software developer MYOB has not let the grass grow under its feet but has moved quickly to cash in as Australia Post moves into the new economy in a big way. Elsewhere the wheeling and dealing grew more frantic both in Australia and abroad

Platypus Technology, the company set up early this year by Geoff O'Reilly and Colin Lillywhite to build solid state hard drives, has attracted $US7 million from investors in the US and Asia. Other wheeling and dealing during the week also involved some well known Australian names

Stung by the termination of a British venture with a subsidiary of Johnson & Johnson, Keycorp has moved quickly to find a replacement deal involving a payment card system for the Asia/Pacific region. Back home, CSC boosted its online presence by buying a Web designer from Canberra and the torrent of annual reports continues to flow out of listed Australian companies