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Chipmaker Exar (EXAR) begins a new round of job reductions that, combined with a previous cut,...

Chipmaker Exar (EXAR) begins a new round of job reductions that, combined with a previous cut, will eliminate ~40% of its workforce. The company also confirms earlier revenue guidance for FY 2012. In response, Wunderlich raises its target price for the shares to $8 from $6.50.
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