10 Moments in Canadian Tech Stock History That Changed the World

Is it inevitable? No. Is it probable? Yes. If you are a Canadian inventor, and your plan is of the accomplished importance, it will apparently be commercialized in the United States. One way or another, this is the fate of abounding of the best Canadian inventions. Ask Henry Woodward, who awash US Patent 181,613 to Thomas Edison in 1874 -that was for the ablaze bulb. Or allocution to James Gosling, the Calgary tech beatnik who invented the Java programming accent while alive for Sun MicroSystems. Or even George Retzlaff, a CBC administrator in Toronto, who invented burning epitomize during a 1950 adventure of Hockey Night in Canada and was in actuality prevented by the CBC from reusing it.

Every now and then, however, a Canadian artist not alone hangs on to an invention, but the bookish acreage ends up in a Canadian listed accessible company. Conceivably afterwards even getting acquainted of it, millions of Canadians accept had a banking pale in some of our greatest achievements. This is the belief we put avant-garde for this list. What are the greatest Canadian achievements that we all could have, in some way, endemic a section of in our RRSP’s (before the Canadian alone ban was aerial on those accumulation plans)? Consolidated Edison (NYSE:ED), for example, is out. Even admitting The Aggregation was founded on a Canadian invention, it’s carefully a US listing. Although Analysis in Motion has a NASDAQ listing, it’s aswell listed in Canada, so it’s in. Abounding Canadians accept owned, and abide to own RIM in their RRSP’s. Now that we’re bright on the criteria, let’s get appropriate to the list:

1. “Mr. Watson, appear here. I wish to see you.”

Although these acclaimed words, announced by Bell to his abettor Thomas Watson on March 10th, 1876 accept anchored their abode in history, Watson was in actuality in an abutting allowance if they were spoken. Afterwards that summer, a beneath heralded -yet appropriately important- moment happened in Brantford, Ontario if choir could be heard acutely over a alarm placed over four afar away. This accepted that the blast could plan over continued distances. A decade afterwards there were over 150,000 telephones in the United States and, with 1,497 shares, Alexander Graham Bell was the bigger actor of The Bell Blast Company. Bell Canada is now allotment of BCE Inc. and trades beneath the attribute BCE on the Toronto Banal Exchange.

2. The Dynamic Duo Join Forces

In 1989, Jim Balsillie accelerating from Harvard with an MBA. He afraid some of his aeon by demography a job with a baby Kitchener tech close alleged Sutherland Schultz. It was actuality his paths would cantankerous with Mike Lazaridis, as Sutherland Schultz bought ambit boards from RIM. Afterwards Lazaridis rebuffed yield out attempts by Sutherland Schultz, Balsillie abutting RIM as VP Finance. He invested $125,000 of his own money for a 33% pale in the apprentice company. It angry out to be a appealing acceptable investment. Balsillie and Lazaridis would eventually become co-CEO’s and RIM would become one of the a lot of acknowledged and avant-garde companies in Canadian history, with revenues now abreast $15 billion.

3. Nortel Rises and Falls

It concluded badly, absolute badly, for a amazing amount of Canadians. At its peak, in 2000, Nortel had a bazaar amount of $350 billion. At one time, the banal represented 36% of the absolute amount of the Toronto Banal Exchange. It’s acceptable that no banal has anytime been endemic by added Canadians, either anon or through alimony affairs and alternate funds.

Out of nowhere, it seemed, cracks began to emerge. October 25, 2000, CEO John Roth warned, for the aboriginal time, that Nortel would not accommodated its sales targets. The banal fell from $96 to $71 that day. By 2002, bisected of the company’s 90,000 workers had been laid off. And again it got worse. Debt downgrades, absent advertisement deadlines and banking restatements dead a bare assemblage in the stock. It spun out of ascendancy and never recovered. Nortel declared defalcation on January 14, 2009.

Now that we reside in the post-Nortel world, what to accomplish of this? It’s algid abundance to those who absent their jobs, homes, accumulation or all of the above, but some accept that Canada will abide to acquire account from Nortel. In an beat in the July 14th, 2009 Banking Post, Sue Spradley, North American arch of Nokia Siemens Networks talked about Nortel’s bequest afterwards Nokia Siemans had submitted a $650-million bid to buy assertive Nortel assets. “Consider that over the years hundreds of companies accept sprung from Nortel, breeding immeasurable addition and untold bread-and-butter allowances for Canada.: she said. “Nortel’s labs were destinations for the brightest and best acceptance that Canadian universities angry out. It was a allurement for the brightest and best from abounding of the world’s top universities as well. In fact, Nortel is abundantly amenable for the actuality that Canada has one of the world’s a lot of enviable telecommunications systems, and that it is a all-around incubator for the industry.”

At year end 2007, Nortel had about 3,650 US patents and about 1,650 patents in added countries. It is estimated that these patents could accumulate over a billion dollars in revenue. Some brainstorm that Analysis in Motion may be an advancing applicant in this process; RIM Co-CEO Mike Lazaridis has alleged Nortel’s fourth bearing LTE or Continued Appellation Evolution technology a “national treasure.”. In fact, RIM today owns about 1,300 patents and about 10% of these adduce Nortel patents. Click on the ad to apprentice added about Serenic (TSXV:SER)

4. Mike and Terry lose some Lawnmowers

Mitel. “Mike and Terry Electronics” or “Mike and Terry’s Lawnmowers”? While Michael Cowpland has attack down the closing account of the agent of the company’s name, the accuracy is based on an absolute event. In 1973, Cowpland and Terry Matthews, who had met at Nortel advertiser Bell Northern Labs, advised to acceptation and advertise cordless electric lawnmowers. Alone agitation was their aboriginal addition was absent at sea. This accept to accept been taken as some affectionate of assurance to the now-legendary partners, because they anon forgot about the lawnmower business and began to aftermath a telephony accent receiver artefact that was based on Cowpland’s Ph.D. thesis. By 1981, Mitel had accomplished the $100 actor dollar anniversary acquirement mark. In 1985 British Telecom acquired a authoritative absorption in Mitel, authoritative Matthews a billionaire. Matthews again went on to anatomy Newbridge Networks which was awash for added than 7 billion to Alcatel in 2000. Matthews, who emigrated to Canada in the 1960′s became the aboriginal billionaire in the history of Wales. Cowpland went on to begin Corel which, at one point, was Canada’s bigger tech company.

5. Roger That

In 1925, Edward (Ted) Rogers, Sr. invented the world’s aboriginal alternating accepted radio tube. This apparatus enabled radios to be powered by accustomed domiciliary electric current. This was a affecting advance in technology and it became the key agency in popularizing radio reception. Ted Sr. died young, at the age of 38. While his again 5 year old son didn’t about-face out to be the artist his ancestor was, his business accuracy commercialized his fathers apparatus to a greater amount than he could accept imagined. Ted Rogers Jr. founded Rogers Radio Broadcasting Limited, which became the ancient backer of the FM arresting in North America. A brace years later, Roger’s CHFI-FM bound became Canada’s a lot of listened to FM radio base and aswell became the a lot of accepted and assisting FM radio base in Canada. Rogers’ interests in radio led him to cable television in the mid-1960s. In 2009, Rogers Communications (TSX:RCI.A) did about $12 billion in revenue.

6. Canada Lends an…Arm

If you were a aborigine in Canada in the 1970′s and aboriginal 80′s you may accept acquainted that the Canadarm was congenital to bear a solid bang to your pocketbook. The Government of Canada invested $108 actor in designing, building, and testing the aboriginal one. The program, which was agitated out by The National Analysis Council of Canada, featured an automated aggregation that was advance by Spar Aerospace, which was ultimately acquired by McDonald Dettwiler (TSX:MCD). The activity aswell included engineers from CAE Electronics (TSX:CAE), who congenital the affectation and ascendancy console as able-bodied as the duke controllers amid in the Shuttle aft flight deck. The Canadian aborigine eventually befuddled off the furnishings of the Canadarm’s antecedent hit; the aboriginal investment resulted in about $700 actor in consign sales, including the auction and aliment of 4 Canadarm systems to NASA, the auction of automatic apparatus to Japan and Europe, the auction of simulators, and the development of automatic systems for the nuclear industry. It aswell helped axis the “brain-drain” establishing Canada as a apple amateur in the fields of avant-garde architect systems and robotics.

7. Ski Dog

In 1937, a Quebec artisan alleged Joseph-Armand Bombardier dreamed of dreamed of architecture a car that could “float on snow.” A few years afterwards schoolchildren in rural locations of that arena were a allotment of the aboriginal humans in the apple to ride snowmobiles, which began as large, multi-passenger vehicles. Bombardier’s apparatus was in actuality alleged the “Ski-Dog” as it was advised to alter dog sleds. A painter in actuality misread the advice and corrective “Ski-Doo” on an aboriginal model. By the time of Bombardier’s death, in 1964, his eponymous Aggregation had sales of $20 million. Bombardier’s afterwards ventures into aerospace and railway grew the aggregation to the internationally accustomed behemothic it has become, now advancing $20 billion in revenue.

8. Open Text becomes a Synonym for Innovation

Before there was Google, there was Open Text. In January 1985, the University of Waterloo accustomed the Centre for the New Oxford English Dictionary, a accord with the Oxford University Press to computerize the OED. This engineers on this activity accomplished that it appropriate developing seek technologies that could be acclimated to bound basis and retrieve information. The seek technology developed for this project, which congenital full-text indexing and string-search technology, was accustomed as getting advantageous for added cyberbanking applications. In 1991, at about the aforementioned time the Internet was emerging, the after-effects of this activity were commercialized by a clandestine aftereffect alleged Open Text Corporation.

As the Internet broadcast in usage, Open Text grew as organizations begin they bare to basis and seek their absolute and growing food of cyberbanking information. In 1994, Open Text began hosting its Open Text 4 seek engine on the Apple Wide Web, aggressive anon with the AltaVista Web seek engine. In 1995, Open Text provided the seek technology acclimated by Yahoo! as allotment of its Web index.

By 2009 Open Text had $725.5 actor USD in revenue, and is accustomed as a apple baton in action agreeable administration (ECM) software solutions.

9. SXC Health goes Public.

Since 2006 SXC Health, founded in Milton, Ontario has accomplished the affectionate of advance we see conceivably already a decade in Canada. The Company’s revenues accept gone from about $80 actor in 2006 to added than $1.4 billion in 2009. But if it weren’t for the different way that Canada’s adventure markets operate, this Canadian success adventure ability never accept happened.

Frequent Cantech Letter contributor, and Caseridge Basic bang-up Adam Adamou, who as a armamentarium administrator in the mid-1990′s was an aboriginal clandestine disinterestedness broker into SXC and afterwards as an investment broker formed with the broader accessible bazaar and adventure basic participants to accounts the aggregation through assorted acquisitions and restructurings, says that estimates of the admeasurement of Canada’s adventure basic bazaar about consistently absence the mark because they abort to accept our amalgam system.

“In Canada, the adventure basic bazaar and the accessible disinterestedness markets charge to plan in bike for technology companies to accept admission to the basic that they charge in adjustment to attack globally”, says Adamou. “Private disinterestedness companies in Canada generally attack to carbon the Silicon Valley adventure model, the all clandestine disinterestedness to a huge IPO model, and that archetypal just doesn’t abide actuality in the aforementioned way.”

Many investors in SXC today may be blind that the acutely anarchistic adjustment that SXC acclimated to go accessible -a about-face takeover of a about listed shell, accustomed the Aggregation to accession $10 actor in 1997 which was followed by added and beyond circuit by adventure capitalists and institutional armamentarium managers over a aeon of over 10 years afore SXC assuredly “hit it big” with a ample antecedent accessible alms on the NASDAQ barter in 2009. This is in actuality a absolute accepted adjustment of adopting adventure funds in Canada and in this case the amalgam arrangement provided not alone the basic but aswell the abutment from the greater investment association of adventure capitalists, investment bankers, analysis analysts, retail brokers and institutional armamentarium managers that accustomed the aggregation to body a acceptable continued appellation business archetypal over an continued aeon of time. SXC Health stands today as conceivably the best archetype of the adaptability and the amount added by the Canadian amalgam system.

10. Canada’s Immigrant Experience -A Graphic Example.

In 2006, the City of Toronto was home to 8 per cent of Canada’s population, but hosted 30 per cent of all contempo immigrants. One would be harder apprenticed to appear up with a bigger GTA rags-to-riches adventure than that of K. Y. Ho, who co-founded ATI Technologies in Markham, ON with adolescent immigrants Lee Ka Lau and Benny Lau. Born into abjection in acreage China, Ho confused to Canada in 1984 and founded ATI (originally alleged Array Technologies) the next year. Throughout the next two decades ATI would become a apple baton in 3D cartoon chips, aggressive with Nvidia and Intel for supremacy in the cartoon industry. In 2006, afterwards announcement acquirement of (US) $2.22 billion the antecedent year, ATI was acquired by Avant-garde Micro Devices for $5.4 billion.

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