Nortel lobbies for exemption from New York trade law

Article Abstract:

A New York anti-discrimination law that prohibits Canadian firms from obtaining state contracts is being challenged by Brampton, Ont.-based Nortel Networks Corp. The law, which is designed to favor local companies, was changed in 2000 to stop Canadian firms from bidding on state contracts.

Government regulation, Laws, regulations and rules, New York

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Nortel shares post strong session

Article Abstract:

Nortel Networks Corp. shares increased 74 cents or 5.5% to $14.10 on the Toronto Stock Exchange. Some analysts and investors are saying that the Canadian telecommunications company is coming out of 2001 slump.

Securities issued, listed, Securities

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Hyperchip to announce $20-million in financing

Article Abstract:

Montreal, Que.-based Hyperchip Inc. has reported that it received $20 million in second-round financing. Hyperchip, which is developing a high-speed router, is led by president Richard Norman.

Receipt of funds, Communications Eqp ex Tel, Finance, Telecommunications equipment, Hyperchip

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