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July 02, 1998|Bloomberg News

* Palo Alto-based Sun Microsystems Inc. said it will cut about 200 jobs as part of its reorganization of business units. The computer workstation and server maker notified 200 employees that their jobs will be cut and that they have 90 days to find other employment within the company. In late April, Sun said it would restructure by eliminating its individual operating companies and creating seven business units in an effort to better serve the corporate and consumer market. Sun's shares rose $1.50 to close at $44.94 on Nasdaq.

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