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April 1, 1997updated 05 Sep 2016 1:06pm

ASTEA EXPECTS RESTRUCTURING CHARGE AND Q1 LOSS

By CBR Staff Writer

Astea International Inc, the Horsham, Pennsylvania client-server customer interaction software developer, announced Monday that it expects to post a first-quarter loss in the range of $12m to $16m. The loss is partly fueled by downsizing, as it will include a restructuring charge of $5m to $8m associated with severance, office closing and other consolidation costs.

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