In weekend news, Davnet confirmed it will be raising AU$3.7 million to buy out E-data.
There was no other significant news over the weekend that is likely to set the tone for the local market.
Analysts in the US believe the market there is set for further falls until IPOs for technology issues completely dry out.
While some major local floats have been postponed - such as last week's by Vodaphone - there is still some optimists that are looking for a launch on the ASX.
And optimists are still around on the US market. On Friday (Thursday in the US) Sonus Networks launched an IPO with a price of US$23. It closed trading on its first day at US$50.50.
In local news, look for further developments in the Telstra/Solution 6/Sausage Software saga. Further negative comments in the weekend media is certain to make its mark on today's trading in all three stocks.
As in any market downturn, it will be the quality stocks that maintain their price. Further falls in the share prices of companies with already low market capitalisation is driving them almost to the point of extinction.
