Cognotec value drops by a third

NEWS

DUBLIN -- FX dealing software vendor Cognotec has dropped by nearly a third in estimated valuation since January 2000 -- joining many e-commerce firms suffering from the market's change in sentiment towards the once-booming technology sector.

The valuation is only an estimate of Cognotec's worth taken from its statements of investment. The company is private, so is not obliged to publish annual results.

"Overall our valuation is down on this time last year," Cognotec's global head of

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