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

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January
·   Open Text reports record quarterly revenue
·   Open Text agrees to acquire Eloquent
·   STOCK REPORT: RDM moves to TSX after big month
·   Navtech finishes turnaround year with strong fourth quarter
·   Mitec makes $11.9M claim against Com Dev
Plus news from Dalsa, Sandvine, Knexa, RDM, CME Telemetrix, Northern Digital, BlueNexus, Covarity, Virtek, RIM, MKS.

February
·   Dalsa hits five-year goal, cleans up balance sheet
·   RSS Solutions raises $1.6M
·   MKS achieves first quarterly profit in three years
·   RDM blames weak quarter on delayed imaging sales
·   Open Text acquires Boston-based portal firm
Plus news from Com Dev, Descartes, Equitrac, Onlinetel, Reqwireless, SlipStream, Spicer, RIM, iAnywhere.

March
·   Covarity gets $2M in seed funding
·   Virtek acquires German laser marking business for $7M
·   SlipStream signs deals with NetZero, IKANO
·   RIM's legal woes overshadow a strong end to fiscal 2003
·   Sirific receives investment from Agilent
Plus news from Descartes, Nanodesign, ARISE, Dalsa, Com Dev, LogiSense, Biorem, Sandvine, Northern Digital, Global Beverage, Maplesoft, Senesco, Ventax, iAnywhere, Knexa, Open Text.

April
·   ADexact shuts down; no new investors found
·   Intellitactics gets US$7M investment
·   Virtek getting out of biotech; posts strong sales in Q4
·   Open Text rolls along with another strong quarter
·   Dalsa gets over traditional Q1 hurdle
Plus news from CITO, UW, Inscriber, Labtronics, SRE Controls, Biorem, Global Beverage, Dspfactory, IMS, AccessTNG, Fakespace.

May
·   Descartes cuts 130 jobs; will buy back stock, debentures
·   Dspfactory revenue climbs 40% in fiscal 2003
·   CME Telemetrix settles lawsuit as cash set to evaporate
·   NTP vs RIM: Judge increases damages by 50%
·   Com Dev sees markets improving after hitting "low water mark"
Plus news from RDM, IMS, Sirific, Sandvine, RSS Solutions, Web Pearls, CFX, ARISE, Maplesoft, Global Beverage, Turbosonic, Dalsa, SlipStream, Covarity.

June
·   ARISE closes IPO, amalgamation; expects exchange listing
·   Avvida Systems acquired for US$5.5M
·   Fred Systems assets bought by Seattle company
·   RIM beats sales forecasts, revenue jumps 46%
·   Virtek sales soar with FOBA acquisition
Plus news from MKS, Descartes, Onlinetel, RDM, Finline, LogiSense, Navtech, MKS, Dspfactory, Sybase, UW, Dalsa, Sandvine, Reqwireless, SpectraDigital, Knexa, Com Dev, Bioinformatics Solutions.

July
·   Strong loonie cuts into Dalsa's top line
·   RDM rebounds from weak winter
·   STOCK REPORT: RIM shares up 100% in four months
Plus news from Engineering.com, RSS Solutions, Onlinetel, Kaparel.

August
·   Com Dev loses THL dispute; announces $20M contract
·   Com Dev hopes for strong finish to 2003, 20% growth in 2004
·   Open Text value tops $1B after another strong quarter
·   Open Text to acquire German software firm for US$11M
·   Sandvine receives $9.5M TPC investment
Plus news from RIM, Onlinetel, CME Telemetrix, ARISE, IMS, EMJ, PrinterOn, Reqwireless, Sirific, Engineering.com, Thinkage.

September
·   Com Dev offering to raise $20M, repay THL debt
·   RIM reports record quarterly sales
·   MKS shows strong year-over-year growth
·   FibreTech launches Wi-Fi hotspot near UW
·   Virtek sees strength in transportation market
Plus news from Descartes, Navtech, SlipStream, LogiSense, Dalsa, Sirific, CheckFree, Turbosonic, EMJ, TeleflexGFI, Betacom.

October
·   Open Text to get German content management firm for US$235M
·   Open Text quarter falls short; big jump forecast in current Q
·   Dalsa's semiconductors make up for weak digital imaging sales
·   CME goes looking for funds with cash running low
·   STOCK REPORT: Virtek leaps; RIM and Com Dev climb even higher
Plus news from STOCK REPORT: Virtek leaps; RIM and Com Dev climb even higher.

November
·   Covarity, SlipStream close funding deals
·   Local Knexa operations to become standalone public company
·   Onlinetel expected to become public company
·   Betacom bankrupt; company's books investigated
·   ARISE facing "significant operational adjustments"
Plus news from RDM, MKS, CME, RSS Solutions, Biorem, Christie, Agfa, PrinterOn, Turbosonic, Sandvine, IMS, Vestec, RIM, Porchlight.ca, Data Perceptions.

December
·   2003: RIM soars as the markets rebound
·   RIM looks to raise $900M through stock offering
·   RIM sets sales records, sees strong growth continuing
·   Virtek's FOBA acquisition continues rapid growth
·   Virtek placement raises $3.5M
Plus news from Com Dev, Descartes, ARISE, CME, Open Text, RSS, Dalsa, NCR, Dspfactory, Ergus, SlipStream.

Copyright © 2003 Gary Will