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Pattrick Smellie

Former TechDay team member

Read the latest stories by Pattrick Smellie across the TechDay network.

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Global Stories

Rakon writes off $32 million on investment
Rakon

Rakon writes off $32 million on investment

The second-worst performing stock on the New Zealand sharemarket in the past year, will sell 80 percent of its Chinese joint venture factory to reduce debt.

By Pattrick Smellie • 2 min read • Fri, 5th Jul 2013
Earnings turn positive for 2degrees
Unified Communications

Earnings turn positive for 2degrees

2degrees posts its first positive EBITDA of $4.4m, signalling a strong market position against rivals after 3 years of losses.

By Pattrick Smellie • 2 min read • Wed, 3rd Jul 2013
Citrix buys Wellington's Beetil for $4.5m cash
Virtualisation

Citrix buys Wellington's Beetil for $4.5m cash

Citrix Systems NZ acquires Wellington-based Beetil for $4.5m, expanding its IT support services and integrating Beetil's proficient team.

By Pattrick Smellie • 2 min read • Wed, 12th Jun 2013
Govt mulls cyber security awareness advisory group
Cybersecurity

Govt mulls cyber security awareness advisory group

Govt ponders creating a cyber security group to bolster public defences against rising web crimes, signifying a proactive approach to online safety.

By Pattrick Smellie • 2 min read • Tue, 28th May 2013
Rapid customer growth for Xero with continued financial losses
Fintech

Rapid customer growth for Xero with continued financial losses

Xero, the cloud-based accounting firm, widened its annual loss in line with is guidance while using cash reserves to double revenue and paying custome.

By Pattrick Smellie • 3 min read • Fri, 24th May 2013
Rakon plunges deeper into the red
Rakon

Rakon plunges deeper into the red

Rakon's losses soar to $32.8m as it writes down assets in China and NZ, hitting the lower end of its downgraded earnings forecast.

By Pattrick Smellie • 4 min read • Thu, 23rd May 2013
9 quarters of Vodafone NZ losing customers
Unified Communications

9 quarters of Vodafone NZ losing customers

Vodafone lost a net 7,000 mobile customers in the first three months of the year, its ninth straight quarterly decline.

By Pattrick Smellie • 2 min read • Wed, 22nd May 2013
Vodafone NZ's general counsel Kreider keep $541k salary
Unified Communications

Vodafone NZ's general counsel Kreider keep $541k salary

Vodafone New Zealand's general counsel David Kreider retains his NZD $541,000 salary after a ruling found his role unchanged despite a corporate restructure.

By Pattrick Smellie • 2 min read • Fri, 17th May 2013
Telecom's Gen-i slims down with Davanti sale to management
Unified Communications

Telecom's Gen-i slims down with Davanti sale to management

Telecom's Gen-i has agreed to sell its Davanti Consulting business in a management buy-out the latest step to trim down IT services unit.

By Pattrick Smellie • 1 min read • Thu, 16th May 2013
Telecom earnings to be at bottom end of guidance
Unified Communications

Telecom earnings to be at bottom end of guidance

Telecom said annual earnings will be at the low end of guidance because of competition in fixed-line sales and a margin squeeze at its Gen-i unit.

By Pattrick Smellie • 2 min read • Thu, 16th May 2013

Stories from Other Regions

Xero's burns cash as costs to grow run ahead of sales
Fintech

Xero's burns cash as costs to grow run ahead of sales

Cloud-based accounting firm burned through more cash last quarter as the company's rapid expansion saw wages, advertising and marketing payments run a.

By Pattrick Smellie • 2 min read • Wed, 31st Jul 2013
Drury's paper fortune hits $388m as Xero cracks $2bn market cap
Fintech

Drury's paper fortune hits $388m as Xero cracks $2bn market cap

Cloud-based accounting software firm has doubled its market capitalisation in just four months, rising above $2 billion today, having still to turn a.

By Pattrick Smellie • 2 min read • Fri, 5th Jul 2013
IT issue halts NZX trading
NZX

IT issue halts NZX trading

NZX trading halted due to an IT issue, marking the second major outage this year as investigations are underway.

By Pattrick Smellie • 2 min read • Mon, 1st Jul 2013
TeamTalk cuts annual earnings guidance
Citylink

TeamTalk cuts annual earnings guidance

TeamTalk cuts earnings guidance for a second time after acquiring Farmside Group, resulting in a slower transition and lower earnings.

By Pattrick Smellie • 2 min read • Fri, 7th Jun 2013
Wynyard seeks up to $70M to buy IP from Jade
NZX

Wynyard seeks up to $70M to buy IP from Jade

Wynyard Group aims to raise up to $70M in a stock exchange listing to buy its IP from Jade Software and fuel growth.

By Pattrick Smellie • 3 min read • Fri, 7th Jun 2013
Novopay costs blew out as Talent2 and ministry 'overwhelmed'
Human Capital Management

Novopay costs blew out as Talent2 and ministry 'overwhelmed'

Unpreparedness at Talent2 and the Ministry of Education leads to costly Novopay errors, casting a shadow over the state's project management.

By Pattrick Smellie • 2 min read • Wed, 5th Jun 2013
Xero becomes highest price local stock on NZX
Fintech

Xero becomes highest price local stock on NZX

Cloud-based accounting firm Xero has toppled Port of Tauranga as the highest priced local stock on the NZX as it charts another notch in its belt, hav.

By Pattrick Smellie • 2 min read • Wed, 5th Jun 2013
Xero chair and COO book million-dollar paydays
Fintech

Xero chair and COO book million-dollar paydays

Xero chairman Sam Knowles and COO Alastair Grigg cashed in some of their shares after a 'black-out' period ended when the company reported its annual.

By Pattrick Smellie • 2 min read • Mon, 3rd Jun 2013