Sector Update: Info Tech; BlackBerry Names New COO, CounterPath Awarded U.S. Patent

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Information technology stocks were generally lower in afternoon trading, and the S&P/TSX Info Tech index was down 0.56%.

BlackBerry (BB.TO): -0.8%

CounterPath (CCV.TO): +56.8%

Celestica (CLS.TO): -1.3%

CGI (GIB-A.TO): -1.3%

Macdonald Dettwiler & Associates (MDA.TO): -0.4%

In corporate news, BlackBerry named Marty Beard as Chief Operating Officer. Beard will be responsible for cross-functional organizations, including Marketing, BlackBerry 10 Application Development, Customer Care and Quality. He will also be responsible for instituting best practices and processes. Most recently, Beard was Chairman and CEO of LiveOps, a provider of cloud applications for customer service.

Meanwhile, CounterPath has been awarded a U.S. patent for methods of authenticating a Voice over IP (VoIP) softphone application on a device via a GSM based telephone network. The telecommunications technology company said the latest patent for mobile authentication based on the SIM enables Original Equipment Manufacturers and service providers to a include unified communications app, such as Bria, as a built-in application on the mobile device which will 'just work' when the user turns on the device.



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