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On the same day that Industry Minister Jim Prentice announced a 30-day delay on his decision whether to approve the sale of MacDonald Dettwiler and Associates' (MDA) space division to U.S.-based Alliant Techsystems (ATK), the Rideau Institute and the Canadian Auto Workers (CAW) released a legal opinion that raised concerns about the proposed deal.
"Our legal opinion clearly shows that the sale of MDA's space division to a U.S. arms manufacturer would hand Washington the power to deny Ottawa access to images from our own satellite," said Steven Staples, President of the Rideau Institute...
What makes Rolta more attractive than the IT biggies is its lower dependence on the US market and thus, lesser exposure to a possible recession in the US economy. Rolta earns around 24% of its revenues from the US, but it also spends in dollar terms in the US, which acts as a natural hedge against the weak dollar. The company's order book, as at the end of the last quarter, stood at a robust Rs1,250 crore, including Rs 510 crore in GIS and Rs 210 crore in the internet and ebusiness solutions space. It had revenues of Rs 622 crore in FY07. Around 60% of its revenues came from the domestic market with a high proportion from the defence sector. Macquarie Research analysts Suveer Chainani and Shashi Bhusan said in a February 1 research report that Rolta offers niche high-margin services to sectors poised for substantial growth, including infrastructure, power, oil & gas and defence. Analysts Viju George, Kunal Sangoi and Nikhil Chakrapani of Edelweiss Research said in a note to clients on February 1 that Rolta had over Rs 400 crore in cash and cash equivalents as at the end of the last quarter...
New Products, Launches and Releases
ArcGIS 9.3 to Offer Full Support for Vista
Cadcorp enhances support for OSI and OSNI data formats
Blue Marble Geographic Calculator 7.0 SupportS the OGP’s Web Registry Service
Complete NAIP Imagery Dataset of US Offered by MapMart
Caliper Releases Demographic Projections and Demographic Estimates for U.S.
NAVTEQ Supports ESRI Enterprise License Agreement for Small Governments
PrettyMap 5.0 Released
Fish-Eye Zooms in Electronic Map
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