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COMPANY RESULT: ORCKIT COMMUNICATIONS LTD

Orckit Communications Ltd, Tel Aviv, Israel-based high speed data over copper network equipment developer, has reported third quarter net profits up at $108,000 from losses last time of $736,000 on revenue up 157% at $7.8m; nine-month net losses were down at $680,000 from losses last time of $2.2m on revenue up 154% at $20.1m. The Israeli company reports in US dollars.

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CBR Staff Writer

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