Takeover Candidate Sandvine is quite likely to be the next Canadian technology company to be taken over due to its recents swoon at the end of 2011. With its excellent balance sheet, 53 cents per share in cash, no debt, and no controlling shareholder, it is a sitting duck. We have seen MOSAID, Zarlink, Gennum, Ruggedcom, just to name the recent companies taken over due to market undervaluation. It's the old story, if the market will not valuate a company appropriately, then a competitor will. That is most likely why the institutions have stepped up their buying of the shares in anticipation of a possible takeover offer. Sandvine would be a small morsel for one of its peers to swallow. Analysts have postulated that in a takeover scenario, valuation could be in the $3.00 to $4.00 range. This should be exciting to watch over the next little while.