There is good news and bad news for Australia's consumer electronics industry following the devastating Queensland floods. In the short term retailers and service providers are set to be hit hard due to store closures and in some cases total destruction of buildings and infrastructure.
Despite the Australian and US sharemarkets suffering the sharpest fall since immediately after September 11, 2001, analysts maintain the local economy remains strong on the back of retail sales figures.
The union representing Qantas Licenced Aircraft Engineers appear to have had a lapse in intelligence after they started peddling fear and untruths about the recent Qantas A 330 incident over Indonesia says Qantas.
Cisco who have battled in the consumer market for a long time, is now struggling in the enterprise market with the company's shares sliding 30% recently. Speculation is also emerging that the company may rethink their consumer strategy with a view to getting out of some categories to concentrate on network gear for the home.