DragonWave (DRWI +1.3%), which has been bleeding cash as it deals with a tough competitive...

|About: DragonWave Inc. (DRWI)|By:, SA News Editor

DragonWave (DRWI +1.3%), which has been bleeding cash as it deals with a tough competitive environment for wireless backhaul gear, says it's eliminating 48 jobs as part of a cost-cutting initiative. The company, which is in the process of digesting Nokia Siemens' backhaul unit, expects to reap annual savings of $6M/year.