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Technology Stocks : Preference Technologies
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To: afrayem onigwecher who wrote (294)11/9/2000 4:22:54 PM
From: StockDung  Read Replies (1) of 460
 
WHATS UP WITH SKUP? Preference Technologies to Cut Half Its Staff to Reduce Costs
11/9/0 15:46 (New York)

Preference Technologies to Cut Half Its Staff to Reduce Costs

Las Vegas, Nov. 9 (Bloomberg) -- Preference Technologies
Inc., which sells software and other Internet products, said it
plans to cut 80 jobs, or more than half of its workforce, as part
of a plan to reduce costs.
The company, whose shares fell as much as 51 percent today,
made the announcement in a press release distributed by Business
Wire. Company officials didn't return phone calls seeking
confirmation.
Preference Technologies' Web site says it has a workforce of
about 150 people. Its statement didn't specify what kind of jobs
would be cut.
Shares of Las Vegas-based Preference Technologies fell 66
cents to 63 cents in late trading. They have fallen 92 percent
this year.

--Samantha Zee in the San Francisco newsroom (415) 743-3583, or at
szee@bloomberg.net/dfr
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