US-based ASP USinternetworking has laid off a quarter of its workforce despite beating analysts' expectations in first quarter results this week.
By Sonya Rabbitte, 27 April 2001 17:31
NEWS Research house IDC has just singled out USinternetworking as the world's biggest earning ASP, but the company is still implementing $35m cost cuts. First quarter revenue was $36.7m, with a net loss of 33 cents per share. Revenue for the second quarter is expected to be $34m with losses increasing up to 35 cents a share.
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