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Today’s CEO is Ted Pretty from Covata, which is the data security company. Alan Kohler interviewed him last August and the shares were 7.5 cents, things seemed to be going well.  Since then the shares have fallen to 2 cents. This is a company that is really struggling to get some headway into data security, it’s the hot topic everyone is talking about it but it’s also incredibly competitive.

Alan Kohler here with today’s CEO and it’s Ted Pretty from Covata, which is the data security company. Ted has been there for 12 months. I interviewed him last August and the shares were 7.5 cents, things seemed to be going well. Since then the shares have fallen to 2 cents, back to where they were when Ted took over, so a bit disappointing for everybody concerned. Ted reckons it’s cheap at 2 cents and he has been buying as has Fidelity International, the big global fund manager which is their biggest shareholder, he reckons they’re buying as well. This is a company that is really struggling to get some headway into data security, it’s obviously a growth area, this business of data, it’s the hot topic everyone is talking about it but it’s also incredibly competitive so it’s just hard to get anywhere. 

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