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News Burst: Geldof rules out Deckchair.com flotation

Matthew Broersma ZDNet.co.uk

Published: 29 Oct 1999 12:00 BST

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Criticising the UK finance establishment for a failure to understand technology companies, Geldof commented that e-business is the "new rock and roll", but continues to baffle UK investors.

Geldof made his remarks at a New Statesman conference Thursday, where industry observers blasted the UK markets for being slow to recognise the importance of the tech sector, and warned that Nasdaq could pose a serious threat to emerging high-tech exchanges such as London's techMARK.

Full story to follow.

See techTrader for more technology investment news, plus quotes and research.

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