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IN BRIEF/Technology

Enterasys Networks to Cut 30% of Work Force

April 09, 2002|Bloomberg News

Enterasys Networks Inc., a computer-networking equipment maker under investigation by federal regulators, will fire 730 workers, or 30% of its staff, and trim capital spending as sales fall. The firm plans to complete most job cuts this week. CEO Enrique Fiallo quit last week amid a probe by the Securities and Exchange Commission. Enterasys shares rose 10 cents to $1.44 on the NYSE.

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