Stories by David Smedley

Venture launched for small-time punters

Confirming their confidence in the long-term outlook of the local technology sector, investment company Ord Minnett and institutional fund manager Allen & Buckeridge have kicked off a new tech fund for startups in the pre-IPO stage.

Telstra cops Moody's downgrade

US-based Moody's Investors Service downgraded Telstra's financial rating overnight, in light of the telco's proposed deal with Hong Kong entrepreneur Richard Li's Pacific Century CyberWorks (PCCW).

Microsoft serves up 'world's fastest database'

Despite the US Justice Department (DOJ) and 19 states officially asking the District Court to split Microsoft into two companies in the US on Monday, the software juggernaut rolled on yesterday releasing the beta 2 version of its SQL Server 2000.

Microsoft serves new beta release

Despite the US Justice Department (DOJ) and 19 states officially asking the District Court to split Microsoft into two companies in the US on Monday, the software juggernaut rolled on yesterday releasing the beta 2 version of its SQL Server 2000.

Investors look for new solution

Investors continued to dump Solution 6 shares yesterday despite the company's announcement on Friday it would push ahead with plans for a $US150 million merger with US counterpart, Elite.

Rocky road for investors to continue

The roller coaster ride for technology investors is set to continue this week after the Nasdaq see-sawed its way through the local Easter break.

Ecorp to Monster Asian market

Media mogul Kerry Packer's internet flagship ecorp has signed a deal with US-based online recruitment company Monster.com to launch a Hong Kong version of Monster's employment site.

Linux aims to serve

Linux has become the fastest-growing operating environment in the server market, according to IDC's worldwide quarterly survey.

Sausage machine moves stateside

The stock market slowdown of the past week has not deterred Melbourne-based Sausage Software and its Victorian counterpart IXLA from entering into a global marketing deal to target the multibillion-dollar US ecommerce market.

Asia shares in market crash

Asian markets faced a similar technology-led downturn in the wake of yesterday's local market correction which saw the ASX drop below 3000 points for the first time since November last year.

The aftermath of 'correction' Monday

The effects of Wall Street's record 617 point loss last week saw the ASX All Ordinaries plummet 5.68 per cent yesterday -- closing under 3000 points for the first time since November last year.

Investors see red

As was widely predicted, the reverberations from Wall Street's record 617-point loss on Friday have caused similar carnage for local investors this morning.

Australian Investors See Red Ink

As was widely predicted, the reverberations from Wall Street's record 617-point loss on Friday caused similar carnage for Australian investors this morning.