TechnologyOne

But I think it might be an ASX 300 tech business.

Technology One would be a good example.

That's ASX 100.

Technology One's an incredible business.

That's ASX 100, I think.

Yeah, that's a great business.

Mm.

It's about a little bit old school, like Xero, WiseTech, Technology One, Life360.

And, you know, they're all doing great things, don't get me wrong, but they're software as a service, which was fantastic ten years ago.

Mm.

But among the other names that are down, it's a bit of a sea of red.

We've got Xero, Life360, TechnologyOne and NextTC.

Let's have a look at healthcare stocks now, which were mostly lower as well.

Sonic Healthcare, the one exception, up by 0.72%.

We had WiseTech up almost 3%.

Technology One also missed out near flat, but NextDC finally found a bit of favor up over 2%, Megaport up five and Life360, that's a US tech stock, finishing up also around 5%.

Tech stocks in the US had a good night and the catalyst for that was excellent snowflake results.

Although that said, the result was actually yesterday morning and our tech sector did not react to that, but we're happy enough to come back into the fray today.

Andrew Hanson brought it to market and has been CEO.

He is moving to an executive chair role and they've announced that Stuart McDonald from Technology One, the former chief operating officer, is joining Effective November 2026.

That's a good pedigree.

Good things in small packages.

Is that the difference?

Well, this is a CEO who's been there 26 years.

He's now moving across to an executive from Technology One.

No government's concerned.

And so there weren't many places to hide.

We had zero and technology one off almost 3%.

Next DC having already fallen 4.2% yesterday was down another 3.9% today.

Incredible to see that after it's 7% opening spike on Friday on some excellent numbers, it has since fizzled away that gain.

Yeah, yeah.

But we're probably stuck to stocks more like Xero, Technology One, WiseTech.

Tech in Australia is so difficult because they're all very different.

You can't throw a blanket over it.

Technology stocks slumped with Zip down 15.7% to $1.57 after rocketing 18.2% on Thursday when the buy-now-pay-later provider said earnings had boomed.

Meanwhile, WiseTech Global dropped 2% to $40.33 Afterpay owner Block was 2.4% to $112.27 and Technology One fell 1.4% to $32.

Next, DC came off 1.7% to $13.67.

The big banks were mixed, with Commonwealth Bank gaining 1% to $157 and ANZ edging up 0.3% to $37.13, while Westpac was flat and National Australia Bank eased 0.7% to $38.17. Talk of more fraud in the mortgage market from Australia is certainly not helping.