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Globecomm sales and profits drop
Globecomm Systems Inc, a Hauppauge company that manufacturers satellite communication devices, reported lower sales and profits for the last quarter due to a drop in government contracts.
The company reported revenue fell to $79.7 million for the quarter ending Dec. 31, a 16.7 percent decrease from the same period in 2011.
Globecomm also reported a 59.1 percent dip in profit compared...