said it will eliminate its managed network services business because the operation wasn't growing as projected and no longer fit into the company's technology services strategy.

The company provided networking services to 37 of its 5,300 customers. The technology services provider said it cut 96 jobs from its work force of 3,200.

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Shares of Comdisco, which is based in Rosemont, Ill., gained 38 cents, or 3.1%, to $12.50 in recent

New York Stock Exchange