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724 Solutions scales back efforts in newest wireless operator mobile product

News | 09/03/2002 4:00 am EDT

Toronto-based 724 Solutions Inc. has decided to scale back its commitments to its most recently released wireless operator oriented products as it struggles to achieve profitability. As part of the latest round of restructuring, the company has laid off 100 more employees and will also scale back investment in financial service companies.

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