Agere to cut 4,000 jobs, exit optical components

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New York--Communications equipment maker Agere Systems Inc. on Wednesday said it would cut 4,000 jobs, or more than a third of its work force, and exit the optical components business. Agere, whose optical components are used in fiber-optic cable networks that transmit data at the speed of light, has been hammered along with the entire network gear market by the downturn in telecommunications.
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