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

Ingram Micro maintains Showcase 2018 momentum in Wellington

Ingram Micro maintains Showcase 2018 momentum in Wellington

Ingram Micro maintained Showcase 2018 momentum in Wellington, hosting more than 40 vendors at TSB Arena. Under the banner of Leading the Way, the event demonstrated what’s new, what’s next and how it can be used to improve business and everyday life.

Ingram Micro maintains Showcase 2018 momentum in Wellington
Ingram Micro launches Showcase 2018 in Christchurch

Ingram Micro launches Showcase 2018 in Christchurch

Ingram Micro kickstarted Showcase 2018 in Christchurch, hosting more than 40 vendors at Horncastle Arena. Under the banner of Leading the Way, the event demonstrated what’s new, what’s next and how it can be used to improve business and everyday life.

Ingram Micro launches Showcase 2018 in Christchurch
Data breach notification laws in NZ: How can partners prepare?

Data breach notification laws in NZ: How can partners prepare?

This exclusive Reseller News Roundtable outlined the responsibilities facing security partners today, assessing risk while evaluating the role of the vendor in providing added layers of protection.

Data breach notification laws in NZ: How can partners prepare?
Show Comments