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Baltimore Sells Biggest Buy To Raise Cash

TECHNOLOGY NEWS

LONDON -- Troubled security software company Baltimore Technologies said in August it was selling its largest acquisition, Content Technologies, as part of a major restructuring aimed at saving the Irish firm £72 million ($101 million) a year.

Baltimore acquired Content late last year for £692 million as a part of a strategy of rapid acquisition that failed, industry analysts said. They reckoned Content is now worth £25 million to £40 million.

Baltimore reported a second-quarter 2001 loss

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