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Nice Systems Falls on Not Nice News

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Nice Systems (NICE) was down 33.9% to a 52-week low of 29.75 in midmorning trade after the company warned it would report results between break-even and a 6-cent loss for the fourth quarter. The First Call/Thomson Financial consensus is for a 58-cent profit. The Israeli maker of digital recording products cited a slowdown in telecommunications and information technology spending.