ChannelLife New Zealand - Industry insider news for technology resellers

Rakon stories

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Quantifi Photonics appoints Brent Robinson as independent director
Fri, 6th May 2022
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nz
Brent Robinson, the former CEO of Rakon, has joined Quantifi Photonics' board as an independent director, bringing his experience in technology and growth.
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Quantifi Photonics appoints Brent Robinson as Independent director
Fri, 6th May 2022
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ipo
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cto
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nz
New Zealand's Quantifi Photonics appoints Brent Robinson, a former Rakon CEO with experience in product development and market leadership, as director.
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Rakon back to profit
Thu, 21st May 2015
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nz
Rakon swings to £3.2m profit, despite higher debt, shifting production out of the UK to boost margins.
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Under-fire Rakon closes UK operations plant
Thu, 6th Mar 2014
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nz
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rakon
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uk
Fresh being publicly censured and fined $30,000 by the NZ Markets Disciplinary Tribunal, under-fire Rakon has confirmed its decision to close the company’s UK Lincoln-based plant.
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Stock market slaps Rakon with $30k fine
Wed, 5th Mar 2014
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nzx
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rakon
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partners
Rakon fined £30k by NZ Tribunal over premature market release timing, linked to a strategic partnership and factory sale last year.
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Will Rakon shift UK operations to NZ?
Thu, 20th Feb 2014
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cfo
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rakon
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Rakon has advised employees of its UK subsidiary Rakon UK Limited, of its intent to enter consultation for a proposed closure of its British plant.
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Rakon’s Robinson brothers sell shares following breach
Wed, 18th Sep 2013
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nzx
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rakon
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shares
Rakon managing director Brent Robinson and his brother, executive director Darren Robinson forced to sell shares after a telling off by the Takeovers Panel.
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Struggling Rakon dangles dividends for ‘long-suffering’ shareholders
Mon, 9th Sep 2013
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rakon
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shareholders
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trading
Rakon, the wireless device components maker, plans to start paying dividends in a bid to revive sagging investor confidence after successive years of an underperforming share price.
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Rakon braces itself for $54m loss
Fri, 6th Sep 2013
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rakon
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auckland
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chengdu
Rakon expects a net loss of $54 million in 2014 after taking a $37 million one-time charge to write down the value of its Chinese investment and other assets and posting a trading loss of $17 million.
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Rakon's Robinson brothers to sell shares following breach
Thu, 1st Aug 2013
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rakon
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shares
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shareholders
Rakon managing director Brent Robinson and his brother and executive director Darren Robinson agree to sell some 493,000 recently purchased shares each after the transactions breached the Takeovers Code.
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Rakon writes off $32 million on investment
Fri, 5th Jul 2013
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nz
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rakon
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investment
The second-worst performing stock on the New Zealand sharemarket in the past year, will sell 80 percent of its Chinese joint venture factory to reduce debt.
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Rakon plunges deeper into the red
Thu, 23rd May 2013
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rakon
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banking
Rakon's losses soar to $32.8m as it writes down assets in China and NZ, hitting the lower end of its downgraded earnings forecast.
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Major Rakon investor halves stock
Mon, 18th Feb 2013
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shares
Harbour Asset Management reduces shareholding from 9.04% to 5.15% following cuts to the company's annual earning guidance.
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Rakon shares hit record low
Thu, 14th Feb 2013
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rakon
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auckland
Rakon's shares tumble to a historic low as earnings guidance is slashed, erasing $17m in value. The firm faces drastic restructuring but rules out raising capital.
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Rakon cuts full-year guidance on delayed sales
Fri, 21st Dec 2012
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tax
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nzx
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rakon
Rakon cuts its full-year earnings guidance because of sales delays and thinner margins.
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Sluggish first half pushes Rakon to $3.96M loss
Fri, 16th Nov 2012
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rakon
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shares
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nz
Revenues fall and operating expenses rise during a period of sluggish growth in major markets.
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Rakon to cut 60 NZ jobs
Tue, 6th Nov 2012
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jobs
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rakon
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nz
Rakon shifts more manufacturing to China and India in a bid to cut costs and widen profit margins.
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Huawei CEO strengthens ties Down Under
Tue, 21st Aug 2012
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broadband
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rakon
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nbn
Fresh from agreeing a US$56m deal with Kiwi firm Rakon, Huawei’s CEO Ren Zhengfei arrives in Australia to cement their credentials as a mainstream vendor.
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NZ's Rakon strikes deal with Huawei
Mon, 20th Aug 2012
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partner programmes
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sales
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rakon
Auckland-based company has agreed a deal with Huawei Technologies, stretching five years and quadrupling sales.
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NZ Hi-Tech Awards name winners
Mon, 9th May 2011
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telecommunications
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rakon
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hi-tech awards
Rakon clinches Company of the Decade and Year at NZ Hi-Tech Awards, celebrated for its daring innovation and global reach.