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C-Cor.net Slashes Workforce, Lowers Guidance
C-Cor.net (CCBL Quote) plans to cut roughly 37% of its workforce in an effort to counter the effects of continued weakness in the economy and further delays in spending by its customers.
The company also expects third- and fourth-quarter earnings to come in below Wall Street's expectations because of higher-than-expected overhead and projected weak demand for its products. ...
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