Cognos trumpets role in business-software industry; Canadian concern sets its sights on becoming dominant in the market
Article Abstract:
Cognos is focusing on the business intelligence software market. Its applications will enable people who lack advanced computer skills to search corporate databases for the information they need. The market is growing at a rate of 70% per year, but Cognos faces strong competition from Oracle Corp and Business Objects SA. Cognos claims to be the current market leader and the company's goal is to dominate the market. The primary goal is to have twice as many sales as its nearest competitor. Sales of the company's PowerPlay and Impromptu applications have more than doubled in one year and analysts expect the company's 2nd qtr earnings to be 15 cents per share. This is up from eight cents per share in last year's same quarter. OEMs have been a significant part of Cognos' market. The company experienced serious financial losses in the late 1980s and early 1990s, but it reorganized and is now enjoying strong demand for its products.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1996
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Canadian firms told not to use U.S. phone lines
Article Abstract:
Canada bans routing of Canadian telecommunications services via US carriers. The purpose of the ban is make transmissions that originate in Canada make use of Canadian facilities to the fullest. Canadian companies have been using US carriers - AT&T, MCI Communications Corp and US Sprint Communications Co - to keep costs down. According to David Colville, chairman of the Canadian Radio-Television and Telecommunications Commission, the practice of bypassing Canadian facilities causes Canadian telecommunications companies to lose money. The strength of the Canadian telecommunications industry, says Colville, is thus undermined.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1991
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Canada banks may get boost in merger plans
Article Abstract:
A task force in Canada is expected to call on the government of Canada to eliminate its ban against major bank mergers in the country. However, the government-appointed task force is also expected to recommend that the government to use caution on lessening bans on bank acquisitions by banks in the US and other nations. The goverment is conducting a review on two proposed mergers. The mergers involve four of the five largest banks in Canada.
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Canada: Govt task force to call on the government of Canada to eliminate its ban against major bank mergers
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1998
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