Canadian Technology Stocks
BufferThe definition of insanity, Albert Einstein famously quipped, “is doing the same thing over and over again and expecting different results”. For Toronto’s Guestlogix, the idea of moving their business up the value chain seemed like a no-brainer. After all, the company has successfully delivered ancillary revenue to airlines for a decade. In actual practice, [...]
BufferThe Wall St. Journal today reported that in 2000, Chinese hackers stole seven passwords from top Nortel executives and hacked into the beleaguered company for more than a decade. The paper, citing Brian Shields, a nineteen year Nortel veteran who led an internal investigation, says the hackers downloaded “technical papers, research-and-development reports, business plans, employee [...]
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. [...]
Buffer“Mike and Terry Electronics” or “Mike and Terry’s Lawnmowers”? While Michael Cowpland has shot down the latter explanation of the origin of the company’s name, the reasoning is based on an actual event. In 1973, Cowpland and Terry Matthews, who had met at Nortel forerunner Bell Northern Labs, intended to import and sell cordless electric [...]
BufferIn Canada, the shadow of Nortel is large and, seemingly, persistent. The fallen Ottawa tech giant, which once represented 36% of the total value of the Toronto Stock Exchange and employed 90,000 people, is back in the news. Former Nortel chief financial officer Douglas Beatty, former controller Michael Gollogly and former CEO Frank Dunn face [...]
BufferOn Thursday, Sandvine (TSX:SVC) announced its fiscal 2011 results. Revenue came in at (US) $89.3 million compared to $92.08 in fiscal 2010, and the Waterloo-based company lost $5.8-million, a number nearly equal to the amount it made in 2010. M Partners analyst Ron Shuttleworth says the numbers reveal exactly what is happening at Sandvine; the [...]
BufferKIK Polymers (TSXV:KPI) doesn’t have much to do with polymers anymore, but in the early part of this new year, its stock has shown some kick. KIK spent the bulk of 2011 working on the acquisition of of Edgewater Wireless, an Ottawa company with twenty patents in the wireless space. KIK, a company that had [...]
BufferNot so fast. Those who assumed the sale of Nortel’s wireless patents to a group that included Apple, Microsoft, Sony Corp and Ericsson last summer was the last time the fallen star would take center stage were mistaken. Pre-trial motions in the case of Her Majesty the Queen v. Frank A. Dunn, Douglas C. Beatty, [...]
BufferTake a cursory glance at Rogers (TSX:RCI.B) numbers, and you’d probably think all is well with the Canadian media and wireless giant. In October, Rogers reported its third-quarter results, and with profit climbing nearly 30% to $491-million or 91 cents per share, up from $380-million or 66 cents per share the year prior, the company [...]
BufferWhen the final pieces of Nortel’s patent portfolio were sold off this past summer, the $4.5 billion price tag surprised many observers. The collection of more than 6,000 patents covered au courant areas of wireless and LTE, optical, voice and internet. For the acquirers, a consortium that consisted of RIM, Apple, Sony and Microsoft, the [...]
