Celestica price target lowered by Paradigm, keeps “Buy” rating


Celestica’s (TSX:CLS) higher Q3 margins were tempered by its lower-than-expected fourth quarter guidance, says Paradigm Capital analyst Gabriel Leung. Yesterday, Celestica announced ts Q3, 2014 results. The company earned (US) $34.4-million on revenue of $1.423-billion, down 5% from last year’s Q3. “Despite overall demand softness in the third quarter, primarily in our communications end market, […]

DataWind is a buy, says Haywood

Suneet Singh Tuli and Raja Singh Tuli, co-founders of Datawind Inc. celebrate the Company’s $30 million IPO at the TSX market open.

DataWind (TSX:DW) has a real opportunity in enabling internet access to emerging markets, says Haywood analyst Massimo Voci. In a research report to clients this morning, Voci initiated coverage of DataWind with a “Buy” rating and $7.00 one-year target, implying a return of 75% at the time of publication. Best known for its cheap tablets, […]

Bionym Ready To Ship ECG Reading Wristband To Developers


Toronto’s Bionym has begun accepting applications to ship out a “limited edition” version of its ECG monitoring wristband to developers interested in putting it to the test ahead of general use by the public. Knowing that the days of the password are numbered, it tends to get people’s attention when you ask them, “What if your […]

Spectra7 is a virtual reality gaming player to watch, says Global Maxfin

spectra 7

Spectra7 Microsystems (TSXV:SEV) is a name to watch in the burgeoning virtual reality gaming market, says Global Maxfin Capital analyst Ralph Garcea. This morning, Spectra7 announced its latest computer chip, the VR 7050. The chip is designed for gesture recognition processing and motion control capabilities targeting game controllers for the virtual reality gaming market. The […]

Avigilon climbs after adding Hewlett Packard exec Herndon


Shares of Avigilon (TSX:AVO) are up today after the company announced it has added former Hewlett Packard exec Margaret Herndon to the role vice-president of global marketing and communications. Herndon held several roles at HP over the course of a decade with the company. Most recently, she worked as VP of global industry marketing, which […]

Fibernetics Acquires Calgary’s Nucleus Information Services For Western Expansion


Cambridge, Ontario’s Fibernetics, a voice and data infrastructure provider for both residential and business users, has acquired Calgary’s Nucleus Information Services Inc., the city’s first ISP, founded back in 1993. The deal allows Fibernetics to expand into western Canada, and reciprocally offers Nucleus access to NEWT Business Services, as well as the Worldline Residential Home […]

Toronto’s Bionym Raises $14 Million For Cardiac Authentication Bracelet


Toronto’s Bionym, makers of the Nymi bracelet, have raised a $14 million round of Series A funding, led by Ignition Partners and Relay Ventures. Also contributing to the round were Export Development Canada, MasterCard and Salesforce Ventures, the investment arm of salesforce.com. “We are currently ramping up our manufacturing capabilities to support consumer, partner and […]

Mojio Partners With Telus and AT&T For North America Wide Car Connectivity


Vancouver’s Mojio today announced the signing of two major agreements, with AT&T in the U.S. and Telus in Canada, to connect cars manufactured after 1996 over those companies’ wireless networks. Almost all cars manufactured after 1996 have an on-board diagnostic port (OBD II). The beauty of Mojio’s device is that they’re brand agnostic, and can […]

Newly Opened Velocity Foundry to Hold Open House in Kitchener


The Velocity Foundry, which opened this summer in Kitchener, will have an open house this Friday, September 26, from 4:00-7:00 p.m. An accelerator for hardware and life sciences startups, the Velocity Foundry is associated with Velocity Garage and the University of Waterloo. At 11,000 square feet, Velocity Foundry effectively doubles the size of Velocity’s incubator […]