Jack Banks' holdings take a triple hit

Article Abstract:

Warp 10 Technologies Inc., a computer system infrastructure maker in Toronto, Ontario, is scheduled to sell 1.83 million shares owned by Jack Banks via one or more block sales. Banks stated that the shares would be sold at bargain prices. Gaming Lottery Corp., a company which is 40% owned by Banks, also postponed its Internet gambling operations until 1999. In connection, electronic commerce software developer Diversinet Corp. of Toronto, Canada, is worth 15% less due to stock activity on the Canadian Dealing Network which reduced the value of Banks' 25% stake by $1.5 million.

Comment:

Postponed its Internet gambling operations until 1999 to the detriment of Jack Banks

Canada, Electronic Computer Manufacturing, Asset sales & divestitures, Other Gambling Industries, Management Informatn Computer Systems, Legal Gambling NEC, E-commerce software, Gambling, Management information systems, WARP 10 Technologies Inc., Diversinet Corp., Gaming Lottery Corp.

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Internet firm learns from its rivals' mistakes

Article Abstract:

Tucows Interactive Ltd., an Internet services provider headquartered in Toronto, Ontario, attributes its financial profitability to its efforts to religiously follow a well-defined strategy. The firm, which has been recognized as one of the fastest-growing companies in Canada from 1992 to 1997, maintains that it was able to achieved growth by having a strict financial discipline and learning from the mistakes of its competitors. The company's president, John Nemanic, also credits its strategy of automating the administration aspect of its operation as factor in its growth.

Comment:

Attributes its financial profitability to efforts to religiously follow well-defined strategy

Specialized Telecom Services, Wired Telecommunications Carriers, Internet services, Tucows Interactive Ltd.

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Leitch awaits digital TV boom

Article Abstract:

Leitch Technology Corp. of Toronto, Ontario, is well positioned to benefit from the US television industry's transition to digital broadcasting, said analysts. The company, which manufactures and distributes broadcasting equipment, has the advantage of having captured 20% to 25% of the market, said analyst Daniel Kim of Octagon Capital Canada Corp. in Toronto. However, many stations are not rushing to convert into the digital platform as anticipated, and this has jeopardized earnings estimates for the company.

Comment:

Is well positioned to benefit from the US television industry's transition to digital broadcasting, say analysts

Radio and Television Broadcasting and Wireless Communications Equipment Manufacturing, Radio & TV Broadcast Equip, Broadcasting equipment, Leitch Technology Corp.

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