Canadian Technology Stocks
BufferOn the first day of December last year, Bombardier (TSX:BBD.B) reported its Q3, 2011 results. The Canadian conglomerate, which turns seventy this year, delivered double digit growth. Bombardier’s top line was up 16% over the same period in 2010, and the company earned eleven cents compared to just eight cents in 2010. Bombardier’s stock, which [...]
BufferThis past Wednesday DiagnoCure (TSX:CUR), along with its US-based partner Gen-Probe, received FDA approval for its lead prostate cancer diagnostic biomarker PCA3, which will be branded as Progensa. Byron Capital Healthcare and Biotech analyst Douglas Loe says this news signals a new era in Diagnocure’s history. In a research update last week, Loe upgraded Diagnocure [...]
BufferLast Thursday, YM Biosciences (TSX:YM) reported its Q2, 2012 results. The company lost $6.55-million on revenues of just under $400K. The Mississauga based biotech’s scant revenue has declined each year since 2007, when it posted a $7.6 million topline. But Byron Capital Healthcare analyst Douglas Loe says pay no attention to today’s financial results, and [...]
BufferOn Wednesday, Waterloo’s Open Text (TSX:OTC) surprised the street with a particularly strong Q2. The company’s results, which covered the quarter ended December 31st, 2011 saw revenue climb to $321.5-million, up 20.2% year over year. Versant Partners analyst Tom Liston was among those who were pleasantly surprised by the numbers. Liston, who has maintained a [...]
BufferThis 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”, [...]
BufferSocial 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 [...]
BufferIt wasn’t potash, or gold, or even lumber. Today at the World Economic Forum in Davos, Switzerland Canadian Prime Minister Stephen Harper addressed Canada’s lagging research and development, and its role in science and technology based investments. In particular, Harper referred to a report produced by a panel led by Open Text (TSX:OTC) Chairman Tom [...]
BufferIn the public markets, the social media frenzy that will no doubt reach its pinnacle with the IPO of Facebook, rumoured to happen in May, hasn’t really spilled over to Canada. The high profile IPOs of Zynga (NASD:ZNGA), the San Francisco-based creator of social network games like Farmville, as well as deal giant Groupon (NASD:GRPN), [...]
BufferOn Friday, about forty-eight hours before the surprising news broke that Thorsten Heins was named new CEO of Research in Motion, the company was sued by Ottawa’s Wi-LAN. Wi-LAN alleges RIM infringed its U.S. Patent No. 5,515,369 and U.S. Patent No. 6,232,969, which relate to blue tooth technology, and the “SYM” or Symbol key, respectively. [...]
BufferIn 2011, the story of the year in Canadian tech was buyouts. Many of our most interesting Canadian concerns were sold off last year, from Zarlink (TSX:ZL) to Bridgewater (TSX:BWC) to March Networks (TSX:MN) to 2011 Canadian Tech Stock of the Year MOSAID (TSX:MSD) which, on December 19th, accepted a $590-million buyout from Chicago-based private [...]
