January
· Howard leaves Vertical Sky/MKS management team
· MKS bailed out with $5M; "was going under" says new CEO
· Switchview plans merger with competitor, public company
· RIM prepares to open Mississauga development centre
· Navtech achieves profitability, raises capital
Plus news from Arius. AdExact, Open Text, Dalsa, Virtek, Com Dev, Treasury International, LiquiMedia.
February
· STOCK REPORT: Black February leaves losses across the board
· Waterloo gets locally-managed $23 million venture fund
· Descartes forecasts 75% sales growth, US$20M profit this year
· Vertical Sky "a mistake" says new MKS CEO
· MKS raises $12.5 million through warrant offering
Plus news from Com Dev, RDM, Switchview, Northern Digital, Navtech, RIM, Ignis Innovation, Web Pearls, Freedom Intelligence, Agile, Mitra, Virtek, Nanodesign, GUARD, Inscriber, PrinterOn, CME Telemetrix.
March
· STOCK REPORT: Tech slide continues; RIM down 72% in 2001
· VoiceIQ to acquire INM in all-stock deal
· Rittal acquires remainder of Kaparel
· Virtek sales nearly double in fiscal 2001
· MKS acquires Massachusetts software developer
Plus news from CME Telemetrix, Navtech, Treasury International, PrinterOn, Sirific Wireless, myCIO.com, Waterloo Maple, Com Dev.
April
· Cisco kills PixStream four months after acquisition
· Xign, Metiom lay off developers at local offices
· Open Text's service & support sales make up for licensing slide
· 400 new jobs? "We don't do it that way," says Open Text CEO
· RIM ends year with strong sales, operational profit, writeoff
Plus news from Virtek, Com Dev, UW, MKS, Switchview, Agile, Spicer, Mitra, Ardesic, NCR.
May
· Quack.com, Nexsys Commtech close Waterloo offices
· Focus assets acquired by Japanese firm
· Kaparel cuts back in face of telecom woes
· Descartes grows network revenue; reports loss on investments
· RDM CEO resigns after one year on the job
Plus news from RDM, RIM, Com Dev, Virtek, CME Telemetrix, GUARD, Finline, Tech Capital Partners, Sirific, Dalsa, Agile Systems, Metiom, UW, Gensel, Endgame.
June
· PixStream spinoff launched with backing from Waterloo VC
· RIM hits quarterly targets, maintains guidance
· Descartes acquires two Atlanta firms
· MKS projects sales growth of 10-30% following disastrous 2001
· Dalsa cuts sales growth estimates to 0-13%
Plus news from MDR Switchview, iAnywhere, Ardesic, Com Dev, CME Telemetrix, RDM, Inscriber.
July
· Descartes chops 70 jobs as sales and earnings fall short
· New capital pool company hopes to take ARISE public
· STOCK REPORT: Few companies immune to continued market slide
· Kaparel acquires California PCB design firm
· Onlinetel to be acquired by Toronto company
Plus news from Dalsa, Finline, iAnywhere, Virtek, Com Dev, tdgInteractive, MKS, Ardesic, Nanodesign, WirelessMoney, RIM, Navtech, Mitra, UW.
August
· Com Dev looks to sell slumping wireless business unit
· Virtek lays off 15% as sales fall below forecasts
· Open Text reports continued sales growth and profits
· STOCK REPORT: Descartes, Com Dev lose half their market value
· Descartes weak quarter in line with warning
Plus news from Sunshine Capital, MKS, RDM, FInline, GUARD, Sandvine, QJunction, PrinterOn, RIM, Fakespace, Treasury International, TurboSonic, CME Telemetrix, Onlinetel.
September
· MKS product manager killed in World Trade Center attack
· Mitra to be acquired by Belgium's Agfa
· Freedom Intelligence plans to merge with UK partner
· Rodin intends to seek protection from creditors
· ADexact attracts $5.5 million investment
Plus news from MKS, Navtech, Sandvine, iAnywhere, RDM, PrinterOn, Descartes, RIM, EMJ, Com Dev, JPH, Dalsa.
October
· MDR Switchview shuts Waterloo site; 90 jobs leave town
· Gensel winds down operations; GUARD hanging by a thread
· Agile lays off 60% of its workforce; funding falls through
· Open Text reports 17.5% increase in sales
· Dalsa bounces back to million-dollar quarterly profits
Plus news from RIM, iAnywhere, Virtek, Sirific, ADexact, Descartes, Fakespace, Com Dev, Critical Telecom, Rental Point Software, RDM, Turbosonic, PrinterOn, Cyberplex, Compelis, Pro-C, Rodin, JPH International, Watcom, MKS.
November
· Ardesic shuts down; some assets acquired by U.S. firm
· Open Text reorganizes; abandons b2bScene
· Descartes reports declining license sales, flat network revenue
· Com Dev to raise $18 million through convertible debentures
· MKS warrant offering to raise $10 million
Plus news from GUARD, RIM, InsuroCity, QJunction, RIM,
PixStream, RDM, Navtech, Com Dev, CME Telemetrix, Finline.
December
· Looking back at 2001: The year the slowdown hit
· Com Dev sells wireless assets; closes Moncton plant
· RIM lowers forecasts again after sluggish quarter
· Virtek cuts salaries as laser system sales drop
· Open Text makes take-over bid for the former JetForm
Plus news from RDM, VideoLocus, Covarity, ADexact, MKS, Descartes, Dalsa, Finline.
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