RuggedCom Board Holds out for More, Lands $33 Offer from Siemens Canada

Siemens Canada's $33 a share offer, which has the unanimous approval of the RuggedCom board, brings to end a flurry of activity after a long dormant period for shareholders.

Good things come to those who wait. RuggedCom (TSX:RCM) today announced it had entered into an agreement with Siemens Canada to purchase all outstanding common shares of the Vaughn, Ontario based company by way of a takeover bid at $33 per share in cash. The offer, which has the unanimous approval of the RuggedCom board, [...]

Byron Capital says these Canadian Techs Could be Takeover Candidates

Could Mark Barrenechea, who became CEO of Waterloo's Open Text on January 2nd, be fielding offers for the company in 2012?

In 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 [...]

January 11th, 2012: Five TSX Tech Stocks Trading at 52 Week Highs

David MacDonald, President and CEO of Softchoice. In the company's recently reported Q3, gross profit was up nearly 14%.

Will 2012 be the year Canadian tech stocks roar back? If so, Bay Street is simply going to have to get going on more tech IPO’s just to replace the companies we lost last year. In 2011 the story of the year in Canadian tech, if there was one, was the takeouts of many interesting [...]

Byron Capital’s Tom Astle raises Target Price on RuggedCom to $30

Byron Capital's Tom Astle "(Ruggedcom) is a rare property and should be valued accordingly. "

When the offer came, it came seemingly out of nowhere. Shares of RuggedCom (TSX:RCM), which had been struggling since the middle part of 2011, leapt 62%, from $13.61 to $22.69 on December 19th, when St. Louis-based Belden (NYSE:BDC), a manufacturer of signal transmission and networking products used in demanding environments, made a $22 all cash [...]

Byron Capital’s Tom Astle: Hang on to your RuggedCom

RuggedCom President and CEO Marzio Pozzouli. Byron Capital analyst Tom Astle think the $22 all-cash offer the company received on Monday from Belden Inc. may be followed by others.

Ruggedcom (TSX:RCM) is the talk of the TSX today after St. Louis-based Belden (NYSE:BDC), a manufacturer of signal transmission and networking products used in demanding environments, made a $22 all cash offer for the Vaughn, Ontario base company. But as the the stock’s closing price on Monday, $22.69, might suggest, some think the Belden offer [...]

Byron Capital’s Astle and Berry: Our 2011 Cantech Letter Awards Picks

Two for two: Byron Capital's Tom Astle and Byron Berry nominate Mosaid as 2011 Canadian Tech Stock of the Year, and the company's CEO, John Lindgren, as 2011 Canadian Tech Stock Executive of the Year.

The first candidates for the 2011 Cantech Letter Awards are in. Out of the gate we have a team effort from Tom Astle, Byron Capital’s Managing Director, Research Technology, and Byron Capital Equity Research Strategist Byron Berry. Astle and Berry will join Versant Partner’s Tom Liston, M Partners Ron Shuttleworth, and Paradigm Capital’s Barry Richards [...]

2011: Canada’s Fastest Growing Tech Stocks

billtatham

When Deloitte released its 2011 Fast 50 List for Canadian technology companies, a ranking of the Canadian tech companies with the highest percentage revenue growth over five years, the collection underscored a sobering fact. With just fourteen of the companies public on the TSX or TSXV, most Canadian techs aren’t looking at the public markets [...]

Tom Konrad on Canada’s Top 10 Cleantech Firms

The Dollarton Cantech Letter Facebook Page alerts you whenever a new chart is posted in our Cantechnical section. Click the Blackberry to "Become a Fan".

Despite what he describes as our “lackluster approach to climate change”, new Cantech Letter contributor Tom Konrad is often surprised at how many of his favorite green stocks are listed in Canada. In our March issue. Tom critiques the recently published Corporate Knights “Cleantech 10 List”, getting us up to date on our top Cleantech firms.