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News Brief

August 29, 2001
See Original Daily Bulletin From This Date

Chromatis, the Israeli high-tech company purchased for a record $4.5 billion in a stock swap with Lucent just over a year ago, is closing its doors. The latest casualty of the high-tech bust, Chromatis informed workers that the company is closing its Petach Tikva office and laying off its 130 employees, including the company’s two founders.

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