Rackable Systems cuts '08 view, and staff
SAN FRANCISCO (MarketWatch) -- Server and storage technology company Rackable Systems Inc. said late Tuesday it has reduced its expectations for its financial results for 2008, helping send its shares nearly 10% lower in late trading.
In addition, Rackable Systems (RACK 4.86, -0.13, -2.6%) said it has reduced its workforce by 15% because of a dip in revenue during its fourth quarter.
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