Fronde returns to profit
Congratulations to my former colleagues at Fronde for quickly bouncing back into profit for the second half of the last financial year. The second half is always tough for an NZ-based professional IT services business, with December and January usually very light, so this is a good signal for ongoing profitability (with the caveat that the IT professional services business is often bumpy, as demonstrated in the first half).
Disclosure: I hold Fronde shares.
Oops (wrong link, sorry) : For those expecting to read something about the Microsoft letter to Yahoo, look here.
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