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

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January
·   Dalsa to acquire foundry, image sensor unit; raises $23M
·   Dalsa sales climb slightly in 2001
·   ADexact looks for new CEO
·   V Technology returns Focus to Waterloo owners
·   STOCK REPORT: Dalsa shares up 77% in three months
Plus news from Open Text, RDM, Mitra, Com Dev, BNW Software, Biomedical Photometrics, RIM, Gensel, JPH International, Systematic.

February
·   Feldgajer sues VoiceIQ; company closes Waterloo operations
·   QJunction shut down by investors three months after relaunch
·   ARISE plans to go public with $1-3M IPO
·   Descartes ends year with US$59M loss; losses to continue
·   Dspfactory raises additional $5M; brings total raised to $21M
Plus news from IBM, CheckFree, Open Text, Virtek, Com Dev, Endgame, CME Telemetrix, Avvida Systems, Covarity, EMJ, Biorem, 3C Infotech, RIM, PrinterOn, Turbosonic, Cyberplex, Finline.

March
·   Virtek CEO resigns after $7M loss in fiscal 2002
·   CheckFree i-Solutions cuts 60 jobs in Waterloo
·   Big bonuses for Com Dev executives
·   CME still working toward accuracy targets
·   Navtech records small quarterly profit
Plus news from Cyberplex, RDM, Fakespace, Dalsa, Meikle Automation, Handshake Interactive, TurboSonic, Gensel.

April
·   Open Text achieves record earnings despite slow software sales
·   Dalsa maintains million-dollar profit in soft quarter
·   RIM sales climb 33% in fiscal 2002
·   RIM to license technology to other device manufacturers
·   Com Dev CEO tells shareholders he deserved big bonus
Plus news from RDM, Cyberplex, iAnywhere, Intellitactics, VoiceIQ, Descartes, CME Telemetrix, Navtech, Com Dev, Virtek, GeneFocus, SlipStream, Dspfactory, Betacom.

May
·   Com Dev to spin off M/ERGY after another cash-draining quarter
·   SlipStream Data receives $1.5M investment
·   Dspfactory gets $4.6M TPC investment
·   CME CEO gets big bonus despite dismal stock performance
·   NDI acquires Swiss partner
Plus news from Descartes, Virtek, Finline, RIM, Open Text, Fakespace, Dantec, Biorem, SRE Controls, TurboSonic.

June
·   Virtek sells biotech instruments business to large U.S. firm
·   Sybase becomes first tenant for UW research & tech park
·   Intellitactics receives US$2 million follow-on investment
·   Descartes erases another 120 jobs world-wide
·   MKS improves bottom line in 2002; forecasts 30% growth this year
Plus news from Navtech, Mitra, BlueNexus, ARISE, RIM, Onlinetel, Senesco, UW, Finline, Com Dev, Sandvine, Open Text.

July
·   Acquisitions help Dalsa double revenues
·   RDM reports record sales from new business units
·   Open Text shows new account strength in record quarter
·   Waterloo's Philips Analytical acquired by U.S. company
·   Former JPH business acquired by knowledge management firm
Plus news from RIM, ATS, MKS, PrinterOn, Cyberplex. Dspfactory, Sirific, Waterloo Maple, Global Beverage Group, Descartes, Com Dev, Handshake Interactive, Onlinetel.

August
·   Com Dev gives M/ERGY to Broadband executives
·   Com Dev CEO to step down; jobs cut as sales decline expected
·   Descartes reports big losses in provision-filled quarter
·   MKS' year begins slowly, but big finish expected
·   STOCK REPORT: Dalsa overtakes Descartes in market value
Plus news from CME Telemetrix, ARISE, Onlinetel, Virtek, Dspfactory, RIM, Finline, VideoLocus, Fakespace.

September
·   Open Text offers to buy Centrinity in $30M deal
·   RIM ready for "major breakout" this fall; lowers forecasts
·   MKS sues customer, claims US$10M in damages
·   RDM files copyright infringement suit against large competitor
·   Dalsa receives $1.7 million TPC investment for digital cinema
Plus news from Virtek, Navtech, Meikle Automation, Com Dev, Dspfactory.

October
·   Com Dev seeks court approval to pay $19M debt with $2M in shares
·   Dalsa records another strong quarter with profits of $3.7M
·   Open Text reports earnings of US$5.4 million in Q1
·   New CEOs for Sirific, ADexact
·   STOCK REPORT: Big month for big caps
Plus news from Medicalis, MKS, Intellitactics, Onlinetel, Descartes, Global Beverage Group, Dspfactory, RIM, ARISE, Virtek.

November
·   RIM chops over 200 jobs
·   Jury says RIM infringed on patents; awards US$23M to US company
·   Sirific closes $18M round of funding
·   Dalsa raises $18M million with share offering; CEO gets $20M
·   VideoLocus acquired by NYSE-listed company
Plus news from Philips Analytical, Descartes, IMS, ARISE, Fakespace, Open Text, UW, SlipStream, Onlinetel, RDM, CME Telemetrix, Finline.

December
·   2002: The year Dalsa broke through
·   Virtek looks for acquisitions, FONA partner
·   RDM reports first annual profit in years
·   ADexact shuffles management team
·   MKS expects first profit in three years this quarter
Plus news from Com Dev, RIM, Agile, Sybase, Intellitactics, Sandvine, Descartes, IMS.

Copyright © 2002 Gary Will