At last some relief for investors in Irish high-tech stocks, who have suffered of late.

Iona shares have rebounded strongly following strong thirdquarter results and the unveiling of a suite of new products aimed at an area of the e-commerce market.

Chris Horn has promoted the new range as "the beginning of a new era for Iona".

Investors seem to have taken the message on board, with the stock recording strong gains in successive trading sessions and appearing to leave the low of under $12 (€11), recorded after its first quarter results, well behind it.

According to Dolmen Butler Briscoe it may have been unfairly penalised by the markets after its poor first-quarter results and appears to be successfully putting in place its target of concentrating on big, high-margin customers.