[AusNOG] Interesting article regarding lack of investment in Aussie Technology

[Paul Wilkins]

Simon,
Correlation isn't a cause of causation, of course, because correlation
doesn't cause causation, but cause and causation do correlate, because
cause causes correlation, of course.

Paul Wilkins

On 22 July 2015 at 17:41, Simon Sharwood <simon at jargonmaster.com> wrote:

> Uncomfortable with this article on the basis of correlation not equalling
> causality. There are plenty of reasons the ASX hasn't tracked the US
> markets lately. Absence of big tech companies may be one of them. Suspect
> the fact we're in what looks like the tail end of a long growth cycle has
> more to do with it, esp as USA is coming into new growth cycle after
> dipping far deeper than we did post-GFC.
>
> S
>
> On Wed, Jul 22, 2015 at 1:25 PM, Chad Kelly <chad at cpkws.com.au> wrote:
>
>> Hi all Just noticed this on the SMH website.
>>
>> http://www.smh.com.au/business/markets/apple-google-and-microsoft-explain-the-problem-with-australias-sharemarket-20150721-gih04a.html?&utm_source=social&utm_medium=facebook&utm_campaign=nc&eid=socialn%3Afac-14omn0013-optim-nnn%3Anonpaid-25062014-social_traffic-all-organicpost-nnn-smh-o&campaign_code=nocode&promote_channel=social_facebook
>> I don't know that this article is totally accurate though, as plenty of
>> Australian providers have been investing in growing their businesses.
>> But a lot of investors won't invest in tech if their is no innervation,
>> and you have areas like the hosting industry hear in Australia  where a lot
>> of the bigger players are buying out competitors.
>> Plus a lot of tech companies hear in Australia are privatly owned, not
>> publicly listed so its hard to find out whats being invested in. A lot of
>> Australian companies in the tech space have global relationships and
>> partnerships it is just they don't have the scale of the likes of Google.
>> You can't really compare Google with the rest of the Australian tech
>> industry for that reason as Google have a lot of funds that they can invest
>> into projects.
>>
>> --
>> Chad Kelly
>> Manager
>> CPK Web Services
>> web www.cpkws.com.au
>> phone 03 9013 4853
>>
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>
>
>
> --
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