Tech sector holds its breath for Nortel

Article Abstract:

Nortel Networks Corp. is expected to report improved financial results for the third-quarter of 2000. The Ontario-based telecommunications equipment giant influences high technology business in Canada and the US.

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Ottawa's Innovance Networks lands record financing round

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Innovance Networks Inc. will receive venture capital worth C$115 million as part of its newest series of venture capital. The amount is the largest ever for a private technology firm in Canada.

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Ottawa startup lands financing

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Ottawa, Ont.-based MetroPhonics Inc. has obtained $62.5 million in venture capital financing. MetroPhonics, which is only six months old, is in the fiber optics equipment industry.

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