M2 PRESSWIRE-14 December 2006-Pinnacle Digest: Tucows Inc. New Version of Platypus Reviewed(C)1994-2006 M2 COMMUNICATIONS LTD
RDATE:14122006
Tucows Inc. (AMEX:TCX) (TSX:TC) experienced a slight gain of 1.19% Wednesday coupled by 237,800 shares traded. Late last month Tucows Inc. released a new version of Platypus, its class-leading billing and subscriber management software for providers of Internet-related services. PinnacleDigest believes the release of this product has not yet been fully felt, and that it will promote healthy growth heading into the New Year. The technology sector is driven by innovation, and this company is proving that it can stay a step ahead. Our goal is to determine whether or not their direction is one that will be taken positively and embraced by the relevant consumer base. To continue this read and our evaluation of the technology sector come explore, www.pinnacledigest.com.
Growth in the IT world may have finally peaked, at least for the moment. Forrester Research, a firm that specializes in market research surrounding the aspects of technology in respect to business and consumers has predicted slowing growth heading into the New Year. They believe IT purchases worldwide in 2007 will grow by 5% to $1.55 trillion; this follows two consecutive years at 8% growth. On a larger scale, Forrester predicts the US slowdown will send shock waves through Canada and the Americas. Considering the amount of trade, and interdependent relationships that exist between these nations, this is not a surprise. Asia Pacific countries are really expected to feel the full effects of this downturn, where purchasing is to diminish all the way to 4%, after achieving 12% in 2006. What has eased the slow down significantly, is the falling energy prices of late, combined with interest rates holding steady. If these two factors started going the other way, it would take a major toll on the US economy. It is crucial to understand how interrelated these sectors are.
Let's review Tucows recent announcement and review their new product. Platypus 6.0 is designed to also alleviate the billing challenges shared and dedicated web hosting providers face, saving time and money. Elliot Noss, President and CEO of Tucows had this to say, "By automating and driving business processes with Platypus our customers are better able to sell and provision additional services to new and existing customers." Tucows is a leading provider of Internet services to web hosting companies, ISPs and other service providers worldwide. PinnacleDigest will be reviewing this company's objectives over the coming months well into the New Year. To continue with our review of Tucows and to explore everything we have to offer, visit us at www.pinnacledigest.com.
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