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July 5, 2001: 3:57 a.m. ET
LONDON (CNN) - Former London tech star Baltimore Technologies said on Thursday it would cut jobs to reduce costs because of tough market conditions.
The Ireland-based Internet security company said its restructuring would cause a "significant" reduction in staffing.
Shares in Baltimore dropped 24 percent to 18 pence in London after the programme was announced. They were as high as
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