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Paul SmithTechnology editor
IBM in Cellnet deal Listed IT and telecommunications distributor Cellnet has completed the divestment of its Australian IT operations to IBM. Rival distributor Avnet has offered jobs to a number of Cellnet staff and bought most of Cellnet's IBM inventory. Group CEO Stuart Smith said the Australian move would release about $2 million of working capital over the next two months and have only a negligible impact on group earnings.
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