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* Starbase Corp. lowered revenue and income projections for its fiscal first quarter because of the continuing global economic downturn in information technology software spending. The Santa Ana company now expects to post a loss of 1 cent to 2 cents a share on revenue of about $9.1 million, down 25% from $12.1 million a year ago.
* Moody’s Investors Service cut Alcatel’s credit rating to “junk,” making Europe’s biggest telecommunications equipment maker at least the fourth European company to drop below investment grade this month.
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