The high-technology sector continued to provide work for bankers this week as Gandalf Technologies Inc. tapped J.P. Morgan & Co. and RBC Dominion Securities to give both strategic and operational financial advice.

The move, announced Monday, sent Ottawa-based Gandalf's stock up 17%, to $2.74 a share, as investors sensed a chance to benefit from a strategic change of direction. Shares in Gandalf had been trading as high as $18.99 last May.

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