June 2022
‘Dummy bids part of fun’: HotCopper trader guilty of manipulation
ASIC has secured a historic guilty plea in a pump and dump case. Here’s which 20 stocks were being targeted.
- Liam Walsh
August 2010
Cellnet
Mobile technology distributor Cellnet has turned a profit for the first time in three years. The welcome black ink, following combined losses of more than $20 million in two previous years, comes after it discontinued troubled information technology operations a year earlier.
- Updated
June 2009
FAST FACTS
IBM in Cellnet deal Listed IT and telecommunications distributor Cellnet has completed the divestment of its Australian IT operations to IBM
- Paul Smith
November 2008
Cellnet to cut jobs in IT distribution shake-up
Embattled IT and telecommunications distributor Cellnet has flagged redundancies and announced a reduction in suppliers as it scales back IT operations.
- Brian Corrigan
October 2008
IT bonuses fuel row over executive pay
In a market racked with pain, some investors are smarting more than others.
- Ben Woodhead and Paul Smith
August 2008
Distributor hurt as revenue tumbles
CVC-backed computer and communications distributor Cellnet swung to a $4.6 million net loss on revenue that tumbled almost 17 per cent to $439.5 million in a 2008 result that chairman Alexander Beard described as "clearly unsatisfactory".
- Ben Woodhead
August 2006
Battered stocks hold potential pay-offs
Some of the best share price gains after the reporting season come from companies that appear poised to recover from poor performances in the past. Cellnet, a market-leading Australian and New Zealand distributor of information technology, telecommunications and audio visual related products, fits this profile.
- Trevor Hoey
February 2006
September 2005
Cellnet managers confident despite stock slide
Shares in telecommunications distribution company Cellnet plunged more than 8 per cent yesterday after the release of a $6.1 million net profit for the year to June 30 on revenue of $586 million.
- Tony Boyd
May 2005
Cellnet cuts profit forecast
IT hardware and mobile phone distributor Cellnet Group has become the latest listed company to fall short of profit expectations.
- Martin Pretty
March 2005
Cellnet in search for new chief
Queensland-based computing and mobile phone distributor Cellnet is looking for a new managing director to lead the company, following the resignation of Stephen Harrison.
- Brett Winterford
February 2005
November 2004
NEWS IN BRIEF
Westpac boss gets 21 per cent rise
- Joyce Moullakis; Martin Pretty; Yvonne Ball; Stephen Wisenthal; Eli Greenblat; Jemima Whyte
September 2004
August 2004
September 2003
Loss of Nokia contract yet to make full impact felt
Cellnet has shaken off a soft first half marred by stock obsolescence issues to report relatively pleasing full-year numbers.
- Katrina Nicholas
August 2003
Cellnet loses lucrative Nokia accessories contract
The revenue of Australia's biggest mobile-phone accessories distributor, Cellnet, is expected to come under significant pressure after it lost a contract to distribute Nokia accessories in Australia.
- Katrina Nicholas
ASIC asked to look at Cellnet write - off
Australia's biggest mobile phone and accessories distributor, Cellnet, may be investigated by Australia's corporate regulator over obsolete stock it wrote off last financial year.
- Katrina Nicholas
April 2003
Cellnet exec departs after heated dispute
Cellnet's financial woes are predicted to deepen after the abrupt departure of the mobile phone distributor's chief operating officer.
- Katrina Nicholas
February 2001
Export Park for Cellnet
Listed mobile-phone wholesaler Cellnet Telecommunications will relocate its Queensland headquarters, leasing 7,200 square metres of space at Brisbane Airport's Export Park
- Jemima Whyte