Menu
Fronde Anywhere drags down company results

Fronde Anywhere drags down company results

Fronde directors have bitten the bullet over Fronde Anywhere, acknowledging it has failed to meet expectations and that important sales opportunities were deferred or lost during the second half of the 2009-10 financial year.

Chairman Wayne Norrie says in his report the board would fully impair the assets of Fronde Anywhere to a conservative estimate of $1.987 million.

The figure reflects that the asset is viable as opposed to a write-off, which would imply no viability in it, he says.

The operational focus on Fronde Anywhere would now be on supporting clients, closing existing deals and mitigating costs. The directors had decided the business must be funded from Fronde Anywhere cash flows and to seek any additional funding requirements from new investors.

CEO Ian Clarke says in his report that the business was hard-hit in the second half-year with declining spending from clients, particularly in Auckland.

Read more at Computerworld.


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags Fronde

Featured

Slideshows

Leading female front runners of the Kiwi ICT industry honoured at 2019 WIICTA

Leading female front runners of the Kiwi ICT industry honoured at 2019 WIICTA

Reseller News has honoured the leading female front runners of the New Zealand ICT industry at the 2019 Women in ICT Awards (WIICTA) in Auckland. The awards recognised standout individuals across six categories, spanning Entrepreneur, Rising Star, Shining Star, Community, Technical and Achievement. Photos by Gino Demeer.

Leading female front runners of the Kiwi ICT industry honoured at 2019 WIICTA
Reseller News kicks off awards season in 2019 with Judges' Lunch

Reseller News kicks off awards season in 2019 with Judges' Lunch

The 2019 Reseller News Innovation Awards has kicked off with the Judges Lunch in Auckland with 70 judges in the voting panel. The awards will reflect the changing dynamics of the channel, recognising excellence across customer value and innovation - spanning start-ups, partners, distributors and vendors. Photos by Christine Wong.

Reseller News kicks off awards season in 2019 with Judges' Lunch
Reseller News welcomes industry figures for 2019 Hall of Fame lunch

Reseller News welcomes industry figures for 2019 Hall of Fame lunch

Reseller News welcomed 2018 inductees - Chris Simpson, Kendra Ross and Phill Patton - to the third running of the Reseller News Hall of Fame lunch, held at the French Cafe in Auckland. The inductees discussed the changing landscape of the technology industry in New Zealand, while outlining ways to attract a new breed of players to the ecosystem. Photos by Gino Demeer.

Reseller News welcomes industry figures for 2019 Hall of Fame lunch
Show Comments