Prime Minister Justin Trudeau visits Google Canada headquarters in Kitchener, Ontario


Google Canada has unveiled its new headquarters at the corner of Breithaupt and King Streets in Kitchener, Ontario on Thursday, with a visit from Prime Minister Justin Trudeau. “This is fantastic news for Kitchener and demonstrates the confidence in our efforts locally to support and develop our incredible talent pool and collaborative ecosystem within our […]

Sandvine rises after booking $12-million in new orders

sandvine head office

Shares of Waterloo-based Sandvine (TSX:SVC) are up today after the company announced it had received $12-million in new orders from an unnamed client it described as a “major cable operator customer in North America”. The purchases, for the company’s policy traffic switch (PTS) 32000, are follow-ons to orders the same client made a year ago. […]

BlackBerry director of security up for title of “Canada’s Smartest Person”


An executive with Canadian device maker BlackBerry has a chance to take home the title of “Canada’s smartest person.” Alex Manea, BlackBerry’s director of security, is one of seven people who will compete in the two-hour finale of the CBC Program Canada’s Smartest Person on Sunday. Canada’s Smartest Person is a reality series that debuted […]

Sandvine is still a buy despite challenges, says Cormark


Back to back misses have Cormark analyst Richard Tse feeling a little less bullish about Sandvine (TSX:SVC), but the analyst still thinks the stock is a buy. Shares of Sandvine fell sharply today after the company announced its second earnings warning in as many quarters. The company said revenue for its third quarter would come […]

Wilfrid Laurier University Renames Business School After Mike Lazaridis

Mike Lazaridis, president and co-chief executive officer of Research In Motion (RIM) introduces the new Blackberry Playbook as he delivers the keynote speech  during the BlackBerry DevCon 2010 in San Francisco, California, U.S., on Monday, September 27, 2010. Photographer: David Paul Morris/Bloomberg

Wilfrid Laurier University, in Waterloo, Ontario, has renamed its School of Business & Economics in honour of BlackBerry co-founder Mike Lazaridis. A public event was held Tuesday at the university, featuring Lazaridis and various representatives from the Ontario government and Laurier University. The $103 million state-of-the-art Lazaridis School of Business & Economics will officially open […]

Sandvine falls on Q2 revenue warning


Shares of Sandvine (TSX:SVC) are down today after the company reported its Q2 revenue would be lower than expected. Management says it now thinks second quarter revenue will come in between (U.S.) $28-million and $28.5-million. The street consensus prior to today was $33.8-million. “The timing of closing certain large deals created variability in our quarterly […]

BitTorrent traffic falling dramatically as Netflix rises, says new report


A new report sheds some light on network traffic on this side of the Atlantic, and has some surprising findings. The report from Canadian company Sandvine called “Global Internet Phenomena Report: Latin America and North America“, finds that Netflix now accounts for 36.5% of downstream network traffic, up from 34.5% just six months ago. The […]

OpenText slammed after restructuring announcement

Open Text CEO Mark Barrenechea. PI analyst Pardeep Sangha regards Open Text's Q3 as only "slightly positive". Although the company beat consensus estimates, he says, its decline in licensing revenue is troubling.

Shares of OpenText (TSX:OTC) are getting hit today after the company announced a comprehensive restructuring that will reduce the size of its workforce by five per cent. CEO Mark Barrenechea, whom the company also announced is returning to work after leaving for leukemia treatment, said the move would not impact the Waterloo-based company’s topline. “Effective […]

BlackBerry stirs nationalism debate in Ontario Legislature

Kitchener-Conestoga MPP Michael Harris.

“If he’s upset because he can’t get Snapchat on his BlackBerry, frankly he can get his own device and pay for it with his own money.” Those were the words of Conservative Kitchener-Conestoga MPP Michael Harris yesterday, after a petition circled the Ontario legislature that would allow for members to be issued smartphones other than […]