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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: DlphcOracl who wrote (72897)	11/22/1999 9:09:00 PM
From: puborectalis	Respond to of 120523

Sierra Wireless(Toronto).....sizzler north of the border...inks deal with Paul Allen's Metricom...SW.TO Subject 28425 Duncan Stewart, a portfolio manager at Tera Capital Corp. in Toronto, said investors likely view Sierra as the next Research In Motion, a company whose stock has jumped more than 100 per cent since August and closed yesterday at $69.50. Sierra Wireless Named The Fastest Growing Technology Company by Deloitte & Touche in the "Canadian Technology Fast 50" Program VANCOUVER, BC - September 15, 1999 - Sierra Wireless (TSE: SW) announced today it received top honours in the 1999 Canadian Technology Fast 50 program, an annual ranking by Deloitte & Touche of the 50 fastest growing companies in Canada. Rankings are based on the percentage of growth in revenues from 1994 to 1998 (five-year period). Sierra Wireless' President and CEO, David Sutcliffe, credits Sierra's people and strategic partnerships with the company's 7,644 percent revenue growth over the past five years. "In the technology sector we really are operating in the global economy, and those companies that recognize this fact seem to do well, while those that don't, lag behind" said David Sutcliffe, President and CEO of Sierra Wireless. "Canadian companies compete successfully in world markets by focusing on developing and retaining world class teams." "Today, there are thousands of high technology companies in Canada, many of who are vying for a share of the highly competitive marketplaces in North America and other markets worldwide. The Canadian Technology Fast 50 winners have proven they can compete successfully by consistently delivering technological wonders. Deloitte & Touche commends Sierra Wireless for having the vision and determination to become the fastest-growing technology company in Canada," said Garry Foster, National Director, High Technology Sector, Deloitte & Touche. To be eligible to participate in the Canadian Technology Fast 50, a company must meet the following five requirements: 1.Have been in business a minimum of five years 2.Have 1994 revenues of at least $75,000 3.Have 1998 revenues of at least $1,000,000 4.Be legally incorporated and headquartered in Canada 5.Be considered a technology company defined as: Producing technology Manufacturing a technology-related product Devotes a high percentage of effort to research and development of technology Consulting companies, professional services firms, etc. are not eligible unless they own proprietary technology. For more information on the Canadian Technology Fast 50 program, visit the Deloitte & Touche web site at www.deloitte.ca. About Sierra Wireless Sierra Wireless is a leading wireless data communication systems company. The leader in cellular packet data subscriber products, Sierra Wireless delivers a broad range of products including PC Cards for portable computers, rugged vehicle-mounted modems, OEM modules for embedded applications, telemetry modems, and software tools and utilities. The company's common shares are listed on The Toronto Stock Exchange and trade under the symbol "SW".