Canadian Technology Stocks
This past Thursday, in the basement of a steakhouse in Toronto, new Research in Motion CEO Thorsten Heins met with more than a dozen Bay Street analysts. Byron Capital’s Head of Research Tom Astle was there and shared his thoughts in a note to clients Friday. Astle said that while he considered the meeting “refreshing”, [...]
As the markets closed out the week the The TSX was up .19% to 12,557, while the S&P Capped Information Technology Index was .93% to 26.74 Glentel (TSX:GLN) today renewed its normal course issuer bid, the TSX has authorized the company to buy back up to half a million shares. On January 30th, the Burnaby [...]
In an R&D intensive venture there are two occasions that stand above all others; the moment an idea is born and the moment it is commercialized. Between these two milestones can lie a rough and rocky road, fraught with false starts and frustration, especially for public companies, who must depend upon increasingly fickle capital markets. [...]
The TSX was up +35.82 points to 12,553.48, a gain of 0.29% Meanwhile, the S&P/TSX Capped Information Technology Index was up 3.65% to 26.98. Here’s who said what in the world of Canadian tech stocks today: Norsat (TSX: NII) announced the appointment of Ivan Gissing as General Manager of its Sinclair Division. Full Story Amaya [...]
Edmonton’s Serenic (TSXV:SER) is known for its presence in the charitable giving space. The company’s Navigator software has been employed by non-profits and non-governmental organizations such as the Danish Red Cross, Medair, and giant international relief agency CARE, which said it chose Navigator “after reviewing eleven systems and intensively evaluating six.” Carving out a spot [...]
Social media juggernaut Facebook today filed its IPO papers. The offering, which will be underwritten by Morgan Stanley, JPMorgan Chase and Goldman Sachs, amongst others, will value the company at nearly $100 billion, making it the largest internet IPO ever. The company’s form S-1 registration reveals, predictably, that revenue and profit have been climbing for [...]
Good things come to those who wait. RuggedCom (TSX:RCM) today announced it had entered into an agreement with Siemens Canada to purchase all outstanding common shares of the Vaughn, Ontario based company by way of a takeover bid at $33 per share in cash. The offer, which has the unanimous approval of the RuggedCom board, [...]
Some upbeat news from Mood Media (TSX:MM) today as the Toronto-based company said its Q4 EBITDA would come in at approximately $34-million. Versant Partners analyst Tom Liston is impressed with the guidance, he had expected EBITDA of $29.7 million. Liston says he suspects the better performance is a combination of improved cost controls and revenue [...]
Back to the future. At Cantech Letter, we spent much of December rewarding the best of 2011. This resulted in Ottawa’s MOSAID winning 2011 Canadian Tech Stock of the Year, and crosstown rival Jim Skippen of Wi-LAN taking home the award for Canadian Tech Stock Exec of the Year. Today, we look forward. Every year, [...]
When Thorsten Heins was appointed new CEO of Research in Motion late last Sunday, his first call wasn’t to the Wall Street Journal, nor was it to The Globe and Mail, or even the National Post. Heins’ first official order of business was a call to Kevin Michaluk, the Founding Editor of CrackBerry.com. Michaluk later [...]
