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ARTICLE · 10 NOVEMBER 2008

Don´t Get Crunched!

Minter Ellison
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The credit crunch has been with us for a while now, and the lack of easy credit is starting to bite. Why is this relevant to TMT News? And how might this affect you as an acquirer of technology services?

AustraliaMedia, Telecoms, IT, Entertainment
Oliver Barratt
Oliver Barratt

The credit crunch has been with us for a while now, and the lack of easy credit is starting to bite. Why is this relevant to TMT News? And how might this affect you as an acquirer of technology services?

It is well known that many technology companies have 'thin' balance sheets and are not known for the depth of their financial resources. Because of this, many suppliers in the industry will find it increasingly difficult to obtain access to working capital, and this will lead to the demise of some services and software companies.

So what can you do about it? The key is to take a more proactive approach during this period of economic uncertainty. Set out below is a checklist you may consider applying to your technology supplier:

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