ACCC tightens ISP leash
The Australian Competition and Consumer Commission (ACCC) is turning the screw on ISPs that use misleading tags such as "free" and "unlimited" in advertising campaigns but fail to deliver the goods.
The ACCC is distributing a trade practices publication among ISPs called fair.com to raise awareness of their rights and responsibilities, and hopefully reduce the number of consumer complaints this sector is generating.
"Competition in Internet service provision is continuing to increase at a rapid pace. With increased competition, there has been a rise in consumer complaints. fair.com highlights the areas where consumer protection issues commonly arise, particularly relating to the ISP industry," says the acting ACCC chairman, Rod Shogren.
Solution 6 smiles on loss
Solution 6 has announced an EBITDA loss of $24.3 million for the six months to December 31.
Despite the loss, the directors have announced the figures mark a turnaround toward profitability, a feat CEO Neil Gamble has promised shareholders by the fourth quarter of this financial year. Solution 6 has achieved significant revenue growth and the directors claim to have succeeded in cutting back the cash-burn problems that hampered the company last year.
"The cash burn from our operations is now under control," said CEO Neil Gamble. "The cash position announced at the AGM of $63 million is substantially the same today, less the $10 million recently paid as part of the acquisition of Ceedata."
Despite promises of short-term profitability later in the year, the directors of Solution 6 still expect the 2000-2001 financial year to bear a $25.7 million loss.
B2B on the cards
B2B software vendor Ariba has announced four new partners to the Ariba Commerce Services Network - the system that connects various trading exchanges using the Ariba platform.
American Express, MasterCard, QSI Payments and eSign Australia have all signed on the dotted line, giving new transaction options to suppliers and buyers on the network.
Announcing the new partners at Ariba's Live! Conference in Sydney, the vendor also took the opportunity to boast that over 100 suppliers have joined the Commerce Services Network within six months of being launched in Australia. Globally, the network reaches 30,000 suppliers. Allan Smith, CEO of Ariba Australia and New Zealand, expects to reach 150 suppliers from this region by the end of March.