Investors seemed to like what Telstra was saying yesterday about the opportunities for its about-to-be-released IPTV T-Box system which we revealed yesaterday.
Investors seemed to like what Telstra was saying yesterday about the opportunities for its about-to-be-released IPTV T-Box system which we revealed yesaterday.
Or could it be a whisper that the much talked about deal with the Rudd government on the National Broadband Network is coming to fruition?
Either way, Telstra shares, which have been languishing below $3 in recent weeks, jumped 9 cents, or 3 percent, yesterday, to close on the ASX at $3.04.
The $299 T-Box set-top box-cum-personal video recorder – on which CEO David Thodey has staked a fair part of his future – appears priced to steal considerable market share from the likes of Seven/TiVo, Fetch TV, Austar and Foxtel – in which Telstra is a 50 percent partner.
Other tech stocks doing well on the ASX yesterday included NetComm, up almost 15 percent to 27c after announcing a deal under which Apple will market its latest 3G modem/Wi-Fi router (see story below); and Melbourne IT, up 5.67pc at $2.05. Melbourne IT shares have risen steadily from a low of around $1.50 in February.
