Canadian Technology Stocks
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 [...]
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 [...]
Versant Partners wasn’t thrilled with what they saw from Wi-LAN’s (TSX:WIN) Q3 today, but analysts Tom Liston and Justin Kew are still bullish on the Ottawa based patent player. While Wi-LAN’s Q3 revenue of $27.8-million was an increase of 158 per cent compared to the $10.8-million the company reported in the same period of 2010, [...]
Quick, think of a Canadian technology company with annual revenues of more than a billion dollars. OK, you said Research in Motion, right? But what about a second, a third? The truth is the number of Canadian tech companies with more than a billion in revenue is woefully slim. This worries Canadian tech legend Terry [...]
Considering its financial position, Aastra Technologies (TSX:AAH) is an extremely volatile stock. The stock traded above $40 in 2007, below $8 in 2008, above $36 in 2010, and has now come all the way back down to $13 in 2011. One might expect this kind of stock price volatility for a heavily-levered company with a [...]
2011 is the year that tech became sexy again. In the US, Linkedin and Pandora are already public. Groupon, Twitter, and Facebook are surely not far behind. In Canada, the effect has been more muted but, on most days, a small cadre of tech stocks is starting to crash the mining and metals party. Two [...]
Ever since the release of Apple’s iPhone in 2008, Research in Motion (TSX:RIM) has been under the gun. Shares of the company have fallen from a high of $148 midway through that year to a recent low of $21.40. The Waterloo mobile giant, despite growing from $6 billion in fiscal 2008 to nearly $20 billion [...]
It’s been more than a year since Research in Motion (TSX:RIM) released its last offering, the Torch 9800, a phone that combined a QWERTY keyboard with a sliding multi-touch screen display. The Torch was slow out of the gate, but ultimately went on to become the sixth best selling smart phone in the US last [...]
In the US, they’re talking about another tech bubble. With LinkedIn, Pandora and Zillow already public and Facebook, Groupon, Twitter and FourSquare surely not far behind, the valuations are off the charts. In Canada, however it’s a different story. Canadian listed technology companies are still struggling in the considerable shadow of resource plays. So what would it take for tech to heat up again in Canada? This month, we look at three sparks that could ignite a tech rally on this side of the border.
This article is part one of of a three-part series called Tech Sparks, which examines sub-sectors of Canadian technology that could speak an overall resurgence in the public Canadian tech sector. For parts two and three follow the links at the bottom of the story. When Stanford grads William Hewlett and David Packard moved out [...]
