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 finishes year with record quarterly sales
·   Kaleidescape sued by DVD association
·   CIGI gets $7M to deploy research portal with Open Text tech
·   Virtek pays $600K plus IP to settle Bio-Rad claim
·   IMS introduces ring tones for cars
Plus news from Navtech, SlipStream, Covarity, Intelwaves, Leitch.

February
·   Val O'Donovan and Klaus Woerner pass away
·   Open Text exceeds its forecasts, appoints new CEO
·   Descartes quarterly losses down to US$1M
·   MKS reports Canadian GAAP profit on strong sales
·   Dalsa makes offer to acquire Coreco for $72M
Plus news from Com Dev, RDM, Sandvine, Christie, J2X, Turbosonic, SlipStream.

March
·   RIM makes half-billion-dollar settlement with NTP
·   RIM poised to pass the 3 million subscriber mark
·   ARISE looks to shuffle balance sheet after losses in 2004
·   STOCK REPORT: RIM settlement pleases investors
Plus news from Dalsa, Navtech, Handshake, PrinterOn, Semacode, Symbility, Biorem, Meikle, Com Dev.

April
·   Dalsa closes $76M Coreco acquisition
·   Dalsa looks forward to better quarters ahead
·   Virtek achieves quarterly profitability on declining sales
·   Open Text misses targets, despite another acquisition
·   RDM improves bottom line with higher margins
Plus news from MKS, RIM, Ever America, SRE Controls, SlipStream, Symbility.

May
·   Nine-year streak ends -- Descartes reports quarterly profit
·   Sandvine closes $19M round of funding
·   Agile Systems raises $7M
·   MKS ends year with record quarterly revenue and profits
·   Com Dev sees orders increase; production still behind schedule
Plus news from Dalsa, Biomedical Photometrics, ARISE, LaunchPad $50K.

June
·   RIM's half-billion-dollar settlement with NTP becomes unsettled
·   RIM hits all its quarterly forecasts; sales up 68%
·   Virtek reports stronger sales, cash flow
·   Three former Betacom executives arrested, charged with fraud
·   Navtech reports 14th consecutive profitable quarter
Plus news from Symbility, PrinterOn, Com Dev, Descartes, RDM.

July
·   Tech Capital Partners raises $50M for new fund
·   Dalsa slashes 2005 sales forecast
·   Open Text to cut jobs after another disappointing quarter
·   CheckFree to close Waterloo facility
Plus news from Reqwireless, Broadband Learning, Foragen, Biorem, Symbility.

August
·   RDM numbers fall short; U.S. slow to adopt electronic payments
·   Com Dev can't convert orders to dollars in latest quarter
·   ARISE raises $111K through debenture sale
·   FibreTech merges with FibreWired Guelph to form Atria Networks
·   Broadband Learning to go public through capital pool program
Plus news from Shoplogix, IMS, Vital Innovations, Desire2Learn, Symbility, Auto-Ref, Leitch, Meikle.

September
·   RIM misses profit target while sales climb
·   Open Text ends year on a flat note, cuts 330 jobs
·   MKS sets Q1 sales record, earns small profit
·   Descartes records second profitable quarter
·   Navtech runs profitable quarter streak to 15
Plus news from Virtek, Microsoft, Christie, ARISE, ClearFrame, RIM, Alt, SBS.

October
·   Dalsa cuts jobs, reduces forecasts, sees markets softening
·   Symbility hires Jim Crocker as president
·   ARISE raises additional $254K through debenture sale
·   The myth of UW's "22%" spin-off record
·   STOCK REPORT: Investors lose patience with RDM, Com Dev, Virtek
Plus news from Communitech, Google, UW, Atria, Ladybug, Christie, CheckFree, SlipStream, Maplesoft, Covarity, AMI, Meikle, IGLOO, Desire2Learn, RIM.

November
·   MKS sales continue to climb
·   RDM makes up for slow year with big Q4
·   Semacode selected as initial Accelerator Centre tenant
·   Navtech raises US$25M for big European acquisition
·   Descartes makes it three profitable quarters in a row
Plus news from Open Text, Com Dev, UW, RIM, ARISE, TurboSonic, Symbility, MedShare, NCR, Agile, Christie, Biomedical Photometrics, Atria.

December
·   2005: RIM in the spotlight; TurboSonic top stock
·   Google unveiled as Reqwireless buyer; now hiring in Waterloo
·   Tech Capital makes one investment, with a second expected
·   Biomedical Photometrics gets $625K from GrowthWorks
·   Miovision Technologies becomes Accelerator Centre client
Plus news from RIM, Com Dev, Virtek, TurboSonic, ATS, Broadband Learning, Meikle, Symbility, IMS, Jaywil, Maplesoft, ARISE, Agile.

Copyright © 2005 Gary Will