Tokyo stocks opened sharply lower Friday with investor sentiment hurt by Sony Corp.'s forecast of an annual operating loss as well as by a fall in U.S. shares overnight due to disappointing corporate earnings there. Yesterday the Aisan markets gained on the good lead from Wall Street. Hong Kong's Hang Seng Index firmed 0.6% to 12657.99. The Shanghai Composite Index added 1%. South Korea's Kospi Composite rose 1.1% to 1116.23.
As a consequence to our announcement dated 22nd September, 2008, Zylotech Limited (ASX:ZYL) is today proud to announce the signing of this significant contract and to congratulate Avnet Technology Solutions, an operating group of Avnet, Inc. ("AVNET")(NYSE:AVT) on their bold Surveillance market entry (see attached AVNET Media Release). We are particularly proud of being chosen by AVNET as their partner in the demanding Surveillance market amidst the stiffest competition from US and European providers.
Yesterday the Australia market closed lower dragged by resource sector although the central bank's aggressive rate cut of 100 basis points lifted some sentiment in late trading. The benchmark S&P/ASX200 index closed down 153 points, or 4.16 per cent, at 3,528.2, while the broader All Ordinaries index was 145.6 points, or 4.02 per cent, lower at 3,473.4. Analysts anticipate a rise today in local market with positive lead from the US and the RBA rate cut.
Yesterday Australian shares closed slightly higher after staging a late-afternoon rally as Washington promised to shore up Citigroup. Miners surged while banks pared their losses. The benchmark S&P/ASX200 index rose 0.25%, or 8.6 points, to close at 3425.1, while the All Ordinaries index was up 0.1%, or 1.9 points, at 3388.8. Analysts anticipate the markets a stronger performance with the good news.
The December Share Price Index futures contract on the Sydney Futures Exchange was up 144 points, or more than 4%, at 3600 in recent trading.
We welcome the announcement that MVSS, a company partly owned by IBM representing the major shareholder Group of Zylotech, have pledged their full support to Zylotech Limited (ASX:ZYL), its business model and direction set out by the current management and the synergistic market opportunities both local and overseas
Zylotech Limited (ASX:ZYL) is proud to announce the signing of this significant partnership and to congratulate NEC (TYO:6701) on their bold Surveillance market initiative (see attached NEC Media Release below).
Further to the Zylotech Limited (ASX:ZYL) announcement of 22/9/08, to further boost our IT Channel Distribution strategy and in the wave of the iPhone3G* touch-screen popularity, Zylotech is proud to announce the release of its all-new iPhone3G* compatible 'One-Touch' Smart G TM camera technology to offer users truly mobile secure surveillance over the iPhone3G* from Anywhere in the world, Anytime.
