Canadian Technology Stocks
Capital West Partner’s Brent Holliday breaks down the history of tech in Vancouver. While Lotusland has enjoyed its share of innovation and leadership in the space, Holliday argues that the lack of a clear heavyweight champion, such as a Research in Motion, means tech heads here have had to be content with being a mere piece of the puzzle that is Vancouver’s exceptionally diverse economy.
Vancouver isn’t exactly known to be a technology hub in the same way that Kitchener-Waterloo is or Ottawa once was, but perhaps this has more to do with a diverse BC economy. The Top 10 (Greater) Vancouver tech stocks of 2009 features some virtual unknowns, but also some of the more established techs in the country, such as aerospace giant MacDonald Dettwiler.
Pitt Meadows based Tranzeo (TSX:TZT), which manufactures wireless network equipment was a high-flier in 2009, rocketing to number two in our top wireless stocks of 2009 summary. With a fresh financing completed at year’s end, we break down the numbers.
Glentel (TSX:GLN) and Matrikon (TSX:MTK) helped The Dollarton Cantech Letter avoid the prominent correction the TSX has suffered in the past two weeks, paring its losses to just 1.4% since Jan. 8. The overall exchange, on the other hand, dipped 4.95%, to close down 6.45% over the same period (September 26th, 2008 to January 22nd, 2010).
We’ll excuse you if Counterpath (TSXV:CCV) doesn’t immediately ring a bell. The Vancouver based Company came to public attention in 2007 when telecom legend Terry Matthews became its Chairman. While The Company has been quiet since, it has been busy. CounterPath has acquired important intellectual property through strategic acquisitions. It seems Sir Terry believes CounterPath is ready for its closeup; he recently acquired another 5%.
The profiled companies of The DVC Smalltech Letter continued to post gains in the new year. This collection of small tech stocks is now up 32.6% while the TSX as a whole is down 1.5% over the same period (September 26th, 2008-Jan 8th, 2009). The DVC Smalltech Letter has gained 8.2% since Dec. 24th, 2009.
