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The financial crisis has claimed one of its first victims in the tech sector.
On Monday, computer maker Rackable Systems(RACK Quote) warned Wall Street that its financial performance will be significantly lower than it previously expected due to the "abrupt financial and economic deterioration."
The Fremont, Calif., company, which makes servers used by corporations, cut its full-year sales outlook by as much as 22% and projected a steep loss -- even after backing out one-time items like writedowns and restructuring charges. ...
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