MYOB rides GST in Y2K
Listed accounting software vendor MYOB has announced an operating profit before tax of $32.4 million on revenues of $122.3 million for the 2000 calendar year.
The result exceeded MYOB's prospectus forecasts by 36 per cent, fuelled by the introduction of the new taxation system. The introduction of the Goods and Services Tax system, and its frequent updates, doubled MYOB's customer base to more than 295,000 businesses.
"As further changes to the tax system are made our goal is to ensure we provide the tools for small businesses to negotiate these," said Craig Winkler, MYOB's chief executive officer.
In stark contrast, listed accounting software distributor Reckon predicted a trading loss for the same period of between $16 million to $20 million.
Nfinity UPS power ante
Liebert Corporation has announced a new power fulfilment system to protect businesses from productivity losses resulting from power fluctuations.
The company has launched Nfinity - a UPS system scalable from 4-16kVA and which can be configured to multiple combinations of power and battery modules. The system features an electrical current-sharing technology to equally distribute power amongst all modules. Known as the IntelliControl Module, it provides microprocessor control with layers of redundancy to ensure system constancy.
The Nfinity will ship fully assembled, configured and factory tested and is ideal for smaller IT environments, according to the company.
Graphic boards Herculean
Guillemot Corporation has announced two new Hercules graphics boards based on nVidia's GeForce2 MX chipset.
The 3D Prophet II MX 64MB and the 3D Prophet II MX PCI will be available this March. The PCI offering has been specifically created for customers wanting to upgrade their systems. The 64MB board offers 175MHz 64MB frame buffer for faster 3D texturing in high resolutions. The graphics accelerators are aimed at the mainstream gaming market, and carry price tags of $US99 for the PCI product and $149 for the 64MB card.
Gateway to slash PC specs
Executives at Gateway in the US have disclosed plans to simplify the struggling computer maker's PC line by sharply paring down the number of configurations it offers. Ted Waitt, Gateway's chairman and CEO, said the company is looking to reduce the number of PC configurations available from approximately 23 million to just a few hundred. The move is part of an ongoing effort to cut costs by Gateway, which is trying to rebound from a $US94.3 million loss in last year's fourth quarter.