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ECI Telecom Issues Profit Warning.(Brief Article)

ECI Telecom became the latest Israeli based Nasdaq traded high tech company to issue a profit warning for the fourth quarter. The company's CEO pointing to lower company revenue caused by slower than expected sales of optical and digital circuit multiplication equipment said the company expected a loss of between $15-20 million in the fourth quarter of 2000. Last year ECI reported a profit of $16.5 million for the fourth quarter. ECI is still in the midst of a restructuring program and a product cycle changeover. The costs associated with these could drive ECI into a loss for the

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