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InFocus Corp. turned in second-quarter results July 23 that clearly did not please investors. Shares of InFocus (Nasdaq: INFS) dropped nearly 10 percent from $4.97 to close at $4.48 on trading volume that was nearly five times heavier than the average daily volume.
Second-quarter revenue was $134.3 million, down from $165 million in the same quarter a year earlier, and down from firstquarter revenue of $145.1 million. InFocus lost $40.2 million, or $1.02 per share, in the second quarter With a one-time restructuring charge of $3.7 million taken...