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Technically Hip:

Technology Market & Finance Trends In Western Canada

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The Massive Something Ventured Archive T-Net, BC

Since April of 1998, I have been writing "columns" called Something Ventured.  This was a Web 1.0 world.  I did my own HTML and submitted the formatted columns by e-mail to BC's largest news and jobs site for the technology industry: www.bctechnology.com Over 250 columns were written and submitted.  While only a few may appear here today, I intend to have access to all of them over time.

Some of this is entertaining (like me trying to call the top of the dotcom bubble... a year too early) and some of it is informative.  At the very least it is a peak at the history of the technology industry from the lens of a venture capitalist for almost a dozen years.

Now Viewing Tag 'bc companies'

  • Posted by Brent Holliday on 
    Friday, February 04, 2005 12:00 AM

    From February 2005 - Creo – Latin word meaning “to create, make”: One of BC’s biggest success story and the first local technology company to reach CDN$1B in annual sales (in 2001) has been sold to Kodak after 22 years in business. Almost US$1B in cash for Creo shareholders is a nice price given recent tribulations at the Burnaby and Annacis Island company. In announcing its US$174M quarter today, Creo showed good revenue growth from last year to support the price paid. But profit is still pretty small, hence the < 2x revenue sale price. For comparison, Crystal Decisions was bought for nearly 10x revenue by Business Objects 20 months ago. Creo did create something big for our local industry. Now what will happen to it and how will it affect the rest of us?


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