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Gold/Mining/Energy : Nuvo Network Management NNM:Alberta -- Ignore unavailable to you. Want to Upgrade?

To: Senator949 who wrote (576)	12/15/2000 9:24:32 AM
From: canabucks	Respond to of 587

PRESS HOME \| FRONT PAGE \| CITY \| SPORTS \| NATIONAL \| WORLD \| OPINION \| ENTERTAINMENT OTTAWA.COM \| HIGH TECH \| BUSINESS \| PRESS CLIPS \| STOCKS/MUTUALS \| INTERNET COMMUNITY SEARCH/ARCHIVES \| CAREERCLICK \| CARCLICK \| HOMESCLICK \| CLASSIFIED BIRTHS \| DEATHS \| PERSONALS \| ABOUT US \| ADVERTISING INFO HIGH TECH From the Paper Breaking News Who's Who Directory Corporate Profiles Advertising Info Boomtown TECH WEEKLY Tech Weekly News Q&A This Week Cyberslave Me, Myself, My Cubicle Calendar Cybernalia Magazine Zaplets My Bookmarks Best of the Web Click of the Week Consumer Report COMPANIES Alcatel Calian Cognos Corel CrossKeys Entrust GSI Lumonics JDS Uniphase JetForm Mitel Mosaid Nortel Tundra WorldHeart BUSINESS From the Paper Breaking News Stocks/Mutual Funds Your portfolio Ad Information Get Our Media Kit Friday December 15, 2000 Friday 15 December 2000 Nuvo Networks lands IBM contract in France Bert Hill The Ottawa Citizen Nuvo Networks has landed its first big contract outside North America with a $2.2-million deal with International Business Machines in France. The technology company, which runs computer systems of clients from remote locations, said the IBM deal marks its first licensed product sale. "We are now in a position to offer customers and partners worldwide the option of both services and licensed solutions," said chief executive Kevin Vachon. The IBM deal represents a jump of more than 20 per cent over Nuvo's annual sales of $9.4 million. IBM sells Nuvo's network management service in North America under the remote network Xpert brand. The new deal will give IBM's operation in La Gaude, France, a licence to sell Nuvo proprietary software and network processes. Nuvo stock fell one cent to 50 cents prior to the announcement. With a workforce of more than 100, Nuvo runs the data networking operations of many companies and government organizations. Nuvo had earlier reported that sales rose 75 per cent to $2.9 million and losses increased more than eight times to $286,602 in the quarter ending Sept. 30 compared with the year-earlier period. It said the losses reflected investments in business growth, which has generated 12 straight quarters of sales increases. The company negotiated $5.3 million in additional venture capital in July to finance growth. HOME \| FRONT PAGE \| CITY \| SPORTS \| NATIONAL \| WORLD \| OPINION \| ENTERTAINMENT OTTAWA.COM \| HIGH TECH \| BUSINESS \| PRESS CLIPS \| STOCKS/MUTUALS \| INTERNET COMMUNITY SEARCH/ARCHIVES \| CAREERCLICK \| CARCLICK \| HOMESCLICK \| CLASSIFIED BIRTHS \| DEATHS \| PERSONALS \| ABOUT US \| ADVERTISING INFO Copyright 2001 Ottawa Citizen Group Inc.