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Business software maker Infinium Software (INFM:Research, Estimates) shares sank 1/4, or 9.5 percent, to 2-3/8 after the company said it is cutting 18 percent of its workforce worldwide in an effort to reduce costs and boost revenue. Infinium's stock has lost much of its value since March, when it said it would focus on the application server provider market by creating an independent operating company called Infinium ASP. ASPs offer applications over the Internet, cutting users' installation and maintenance time. In addition to the cuts, the company said it plans to streamline its management system. +--------------------------------------------------+ | Please do not send private mail to this address. | | Private mail should go to barsa@ibm.net. | +--------------------------------------------------+ Al Barsa, Jr. - Account for Midrange-L Barsa Consulting, LLC. 400 > 390 Phone: 914-251-1234 Fax: 914-251-9406 http://www.barsaconsulting.com http://www.taatool.com +--- | This is the Midrange System Mailing List! | To submit a new message, send your mail to MIDRANGE-L@midrange.com. | To subscribe to this list send email to MIDRANGE-L-SUB@midrange.com. | To unsubscribe from this list send email to MIDRANGE-L-UNSUB@midrange.com. | Questions should be directed to the list owner/operator: david@midrange.com +---
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