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- Aussies set to 'shake up' Silicon Valley with StartupHouse
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- Rumour: Telstra to launch Galaxy S II 4G and Galaxy Note in the near future
- Meet Westpac’s new technology leaders
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Featured, News - Tuesday, August 9, 2011 14:31 - 1 Comment
Aussie tech stocks in share price bloodbath
The global sharemarket rout triggered by the downgrade of the US Government’s credit rating has had a dramatic effect on Australian technology stocks, with all of the nation’s major listed technology companies suffering share price drops over the past several days ranging from three percent to over 22 percent.
Australia has several dozen listed technology stocks. Of these, the largest and most closely watched is Telstra, which has a wide diversity of investors ranging from large institutional players such as banks all the way down to so-called ‘Mum and Dad’ investors who picked up the company’s shares during its lengthy privatisation.
Out of all of Australia’s technology stocks, however, Telstra has been one of the least hit by the financial saga which has unfurled globally since the weekend, with the company’s share price sinking only 5.09 percent since Monday.











