Short Term Trading Week Starting: 30 Apr, page-134

https://www.theaustralian.com.au/bu...k=5506a3a2df35e6ef8b1a56cfc41fdc01-1525146195

The ASX needs to focus on real tech successes rather than “cowboys” such as GetSwift and Big Un, according to Vivid Technology chairman Charles Macek, a former Telstra and Wesfarmers director.

The director says it is in Australia’s national interest to weed out the companies lacking fundamentals, and called on investors to take action.

“We have some smart technology-based businesses here and the challenge for the market is to distinguish between the cowboys and those buildings serious businesses,” Mr Macek said.

“Having someone like Charles on the board is unusual for a company of our size, and if you look at our executive team they’ve all been there done that’,” Mr Marks said. “We’ve gone through the hard yards now, having sold to Linfox, to Goodman Group, Coca-Cola, they’re all blue-chip names and we’re now taking this to the world. We’re starting to see some serious traction.”