I agree with Astoria, if you look at the contracts and awards won recently, it begs the question - has the market oversold this stock and is it really as bad as rumours are suggesting compared to facts and what global IT organisations suggest through the awards and govt organisations which scrutise companies heavily suggest by renewing or commencing new contracts worth millions of dollars?
16 November 2007- Commander wins $1.5 million IT contract with WA Department of the Premier and Cabinet
7 November 2007- Commander to redesign Transgrid's outage system
23 October 2007- Commander wins $23 million IT contract with Victorian Department of Education and Early Childhood Development
22 October 2007- Department of Finance IT renews Commander multi-million contract
8 October 2007- Commander wins VMware ANZ Partner of the Year award
28 September 2007- Queensland law firm appoints Commander to overhaul IT infrastructure
22 September 2007- Commander wins five partner awards
20 September 2007- Salvation Army Employment Plus renews their contract with Commander
20 September 2007- Commander awarded Microsoft Information Worker Partner of the Year
5 September 2007- Commander is the Partner of the Year for Surfcontrol
20 August 2007- Foster's extends Commander's managed services contract
2 August 2007- Kleenmaid and Commander Join Forces for Integrated IP Solution
Read some of the articles and you will see the detail which you dont get from those shorting the stock...for instance, VMWare which is recently listed in the US and is a great stock (I work in IT so I know how much of a future VMWare has!)....
“Commander’s impressive technical understanding of VMware’s software range and their investment in VMware Certified and Sales Professionals positions them as a leader in the reselling of virtualisation solutions in the local market,” said David Blackman, Director, Partner Organisation, VMware Australia and New Zealand. “In the past 12 months, the number of enterprise organisations transitioning to VMware’s virtualisation software has skyrocketed,” said Steve Evans, Commander’s Group General Manager, Enterprise.
It also won five partner awards including Cisco and Micrsoft... 22 September 2007 - Commander Communications Limited (ASX: CDR) has received peer recognition with two major industry awards, winning the prestigious VMware’s Asia Pacific Market Maker of the Year Award and Symantec’s Deal of the Year Award last week. Commander was also named runner-up to Symantec’s Partner of the Year award at the Symantec Vision Awards ceremony.
The awards cap off a winning streak for Commander who this month has also won three major industry accolades from vendor partners Cisco, Microsoft and SurfControl
"One of the most long-standing partner award ceremonies within the ICT industry, the 2007 Microsoft Worldwide Partner of the Year Awards recognise market-leading Microsoft Partners that are delivering outstanding results“Microsoft has run these awards more than six years as a way of acknowledging the pioneering work our partners carry out in industry, helping Australian organisations and businesses achieve real benefits through technology,” said Ms Pip Marlow, Director SMB and Channels for Microsoft Australia.
CDR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
