Canadian Technology Stocks
Add another one to the list. It’s been a nightmare year for Research in Motion, but some believe the negativity on the stock is overdone. Joining noted value investor Donald Yacktman, who began picking up shares of RIM this past summer, is Laszlo Birinyi. Birinyi’s firm, Birinyi Associates, has returned nearly 18% so far this [...]
After a tough few years, the first half of 2011 showed signs of hope for shareholders of AEterna Zentaris (TSX:AEZ). In July, nearly eight years after initially filing, the company’s cancer therapy candidate, Perifosine, was granted a patent by the European Patent Office. By the end of that month, the Quebec-based oncology/endocrinology drug maker had [...]
Some lessons are learned the hard way. When Research in Motion decided to jump into the tablet space, some saw it as a defensive move. But the Waterloo company’s eyes must have been wide looking at sales of Apple’s iPad. During 2010, Apple sold 14.8 million iPads worldwide, and have since gone on to top [...]
SXC Health’s (TSX:SXC) meteoric rise, accomplished primarily through acquisition, has been nothing short of remarkable. The company, which was founded in Milton Ontario, has grown from revenues of $33 million in 2004 to just under $2 billion in fiscal 2010. 2010′s performance earned SXC Health CEO Mark Thierer Cantech Letter’s 2010 Canadian Technology Executive of [...]
This past summer, the country’s largest tech company, Research in Motion, laid off 2,000 people, more than ten per cent of its total workforce. For most towns, this would have had a major impact. But in the Kitchener-Waterloo “Tech Triangle”, Canada’s answer to Silicon Valley, it was mere blip. The tech sector infrastructure is maturing [...]
In the recent history of Canadian tech, 5N Plus (TSX:VNP) is one of the shining successes. A few years ago, the Montreal based company, which produces essential components of thin-film solar modules, became a primary material supplier to US cleantech giant First Solar. When First Solar’s revenue was skyrocketing they were being supplied cadmium telluride [...]
Since 1969, when John MacDonald and Werner Dettwiler formed their eponymous venture, McDonald Dettwiler (TSX:MDA) has been a part of the fabric of Canadian technology. The Richmond, BC based aerospace giant’s Canadarm, a robotic space arm developed in the 1970′s to repair and service NASA space shuttles, is iconic. With the Canadarm literally set to [...]
It didn’t take long for investors to find out whether Avigilon’s (TSX:AVO) momentum as a private company would continue as a public one. On Monday, less than a week after the Vancouver based maker of high-definition surveillance cameras and equipment began trading, the company released its Q3 2011 results. The numbers reveal a company showing [...]
CGI Group (TSX:GIB.A) released its 2011 fourth quarter and year end results Friday. The Montreal company, which is Canada’s largest IT stock, beat their year prior results handily. Revenue was up 15.8% to $4.32 billion and earnings were up nearly 10% to $562 million. CGI CEO Michael Roach says the company’s big bet on the [...]
When Deloitte released its 2011 Fast 50 List for Canadian technology companies, a ranking of the Canadian tech companies with the highest percentage revenue growth over five years, the collection underscored a sobering fact. With just fourteen of the companies public on the TSX or TSXV, most Canadian techs aren’t looking at the public markets [...]
