WATERLOO TECH DIGEST
A free monthly compilation and analysis of news from high-tech companies in Waterloo Region & Guelph.

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January
·   STOCK REPORT: Huge gains for MKS, RIM; Open Text drops
·   Descartes offering raises $40 million; trades on NASDAQ
·   RIM launches wireless e-mail service across North America
·   Old RIM technology wins an Oscar to go with its Emmy
·   Open Text quarterly revenues surpass US$20 million
Plus news from Dalsa, Control Advancements, iGate, MKS, RDM.

February
·   MKS acquires U.S. software firm in US$10 million stock swap
·   MKS quarterly revenues near $15 million
·   Technology Horizons agrees to sell RIM shares
·   Focus Automation receives $3 million from Taiwanese investors
·   STOCK REPORT: Get the "F" out of there, say Waterloo firms
Plus news from CME Telemetrix, Com Dev, RIM, Maple, SST, PixStream, RDM, Open Text, Descartes, Northern Digital, Avenir.

March
·   STOCK REPORT: Open Text jumps 40%, market cap hits $1 billion
·   Descartes revenues double in FY99
·   Virtek annual revenues up 34%, boosted by new product
·   Com Dev reports quarter-over-quarter improvements
·   Inscriber wins multi-year contract with NBC
Plus news from RDM, CME Telemetrix, RIM, Descartes, Open Text, MKS.

April
·   Mitra spins off technology into new company
·   Open Text makes another offer for PC DOCS
·   Open Text warrant sale raises US$100 million
·   Record revenues continue through Q3 for Open Text
·   STOCK REPORT: Open Text has another strong month
Plus news from RIM, RDM, CME Telemetrix, Control Advancements, Thinkage, MKS, Waterloo Maple.

May
·   STOCK REPORT: Revenue warnings hammer MKS, Descartes
·   O'Donovan steps down as Com Dev CEO
·   Open Text withdraws PC DOCS bid after Hummingbird sweetens
·   Delayed sales lead to US$8 million loss for Descartes
·   Preliminary results show big revenue drop at MKS
Plus news from Virtek, RIM, PixStream, Dalsa, CME Telemetrix, Finline, GUARD.

June
·   STOCK REPORT: RIM market cap explodes after blockbuster month
·   DALSA acquires U.S. CCD camera manufacturer for US$11.5 million
·   Waterloo software firm moves to Redmond after MS acquisition
·   Com Dev revenues decline; profits still forecast this year
·   Com Dev space group president resigns
Plus news from RIM, MKS, Finline, Waterloo Maple, Mapconnects, GUARD, RDM, Electrohome, Open Text, Virtek, Switchview.

July
·   PixStream unleashes compactPCI spin-off
·   Open Text acquires Ottawa XML firm for $7 million
·   National Post questions Open Text's disclosure of lawsuit
·   RIM hints at 1999 plans at AGM
·   STOCK REPORT: Another 20% gain for RIM, slowing at month-end
Plus news from Finline, Nanodesign, Com Dev, Dalsa, Control Advancements, Descartes, Mapconnects, Switchview, Electrohome.

August
·   "Father of computing at Waterloo" Wes Graham dies
·   STOCK REPORT: Another black August ... except for RIM
·   Com Dev lays off 200 following disappointing quarter
·   Open Text revenues double in FY 1999 with record profits
·   Open Text acquires another small Ottawa company
Plus news from Descartes, MKS, RIM, Virtek, CME Telemetrix, RDM, GUARD, Finline, Electrohome, Waterloo Maple, LivePage, Open Text.

September
·   Waterloo Ventures officially launched, signs up UW
·   LivePage acquired by Toronto CRM developer for nearly $19 million
·   Microsoft acquires company with Kitchener R&D office
·   RIM looks to raise more than $200 million through share offering
·   RIM quarter meets expectations
Plus news from RIM, Control Advancements, Finline, RDM, PixStream, Nanodesign, Descartes, Jedor, MKS, Focus, Open Text.

October
·   Livelink distributor threatens online sales at huge discounts
·   Open Text CFO resigns following weak quarter
·   Virtek makes another acquisition -- picks up Belgian firm
·   STOCK REPORT: Record lows for Open Text, MKS, GUARD, Com Dev
·   RIM share offering nets $241.2 million
Plus news from Dalsa, Control Advancements, Brick Brewery, RIM, Descartes, Inscriber, SST.

November
·   STOCK REPORT: Explosive growth widespread in best month ever
·   Descartes shares soar on a quarter that meets expectations
·   RIM reaches anticipated distribution agreement with Dell
·   PixStream raises $12.5 million in third round of financing
·   BlueGill announces US$19.5 million in financing
Plus news from RDM, MKS, Virtek, GUARD, Open Text, Dalsa, Com Dev, Focus, Waterloo Maple, CME Telemetrix, UW, Finline.

December
·   STOCK REPORT: Descartes shares double for second consecutive month
·   Descartes share offering will raise $60-69 million
·   Descartes signs Foster's Brewing, partners with Cap Gemini
·   RIM's BlackBerry on a roll; BellSouth sales disappoint
·   CheckFree acquires BlueGill for US$250 million in stock
Plus news from Ardesic, Waterloo Ventures, Com Dev, RDM, Open Text, Compelis, Control Advancements.

Copyright © 1999 Gary Will