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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Vimio | VIM | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 1.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 1.00 | 1.00 |
| Top Posts |
|---|
Posted at 17/10/2005 09:07 by smelleroo Today's telegraph:MENTION the name Rooney on the trading floor today and you're likely to get the spread on the number of yellow cards young Wayne will pick up this season. But back in 2001 another Rooney captured the market's imagination. And it wasn't Mickey. Fran Rooney is famed for building Baltimore Technologies into a FTSE 100 company then seeing it explode in the dotcom bust. Rooney cashed in pounds 5.8m of shares in summer 2000. A year later the stock had crashed and he had left, following disastrous acquisitions and a collapse in the market for Baltimore's encryption technology. Last year, reduced to a cash shell, Baltimore was taken private by Acquisitor Holdings. The experience does not appear to have dented 48-year-old Rooney's enthusiasm for technology companies, however. He recently floated a mobile phone software company on Aim that appears to be doing well. Vimio develops software to allow TV, music and video clips to be delivered on mobile phone networks. The company was belittled before the float by a website for stock market investors. Allnewissues.com published an amendment to its report titled "Ludicrously Overvalued'', admitting to factual errors, but stuck to its original call to avoid or sell the stock. Thus far, however, Rooney has proved the doubters wrong. Vimio floated at 100p a share, reached a high point of 169p on September 12, and closed at 150p on Friday. Rooney trained as an accountant and a degree in computer science brought him, logically, into financial technology. In 1996, togther with fellow Irishman Dermot Desmond, he bought a small technology consulting firm. Baltimore started as a firm of six and at one stage was worth pounds 5.5billion. After Baltimore, Rooney had a brief stint at the Football Association of Ireland. "That was a labour of love,'' he says. "I've been in love with football since I was a kid so I tried to put something back.'' Some FAI board members were, however, frustrated at his style and he left after 18 months. This year he has focused on a few core opportunities. Among these is a broadband company headed by his 23-year-old daughter Yvonne. Rooney is brave to mix business and family again. His personal investment company, Nirvana Technologies, backed an e-learning company set up by younger brother Dermot in 2001. Addoceo collapsed last year owing Nirvana euros229,300 and Fran is reported to have lost more than euros500,000 personally. Are they still on good terms? "Absolutely,'' he says. "We're a great family.'' |
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