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

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.
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