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Electronics co. announces new business model (access required)

Shares of Micron Electronics Inc. (NASDAQ:MUEI), Nampa, fell significantly following the company’s announcement that it would become purely a Web hosting business and sell its personal computer manufacturing operations.The company laid off 340 people at its Nampa plant, which employed about 1,950 and closed a call center in Minneapolis, nixing another 90 positions.The company’s stock ...

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