12:08 PM EST - DragonWave Inc. : announced that it will implement a number of measures aimed at reducing its operating expenses. DragonWave expects to save $4.0 million in total annualized cost and operating expenses as a result of its cost reduction efforts. Immediate cost saving measures include the elimination of 20 positions across all parts of the Company. DragonWave Inc.
shares T.DWI are trading up 1 cent at $1.29.
