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Posted AT 10:11 AM EST on 25/09/08

MDA shares fall after warning

The Canadian Press

RICHMOND, B.C. — — Shares in Vancouver-area satellite data company MacDonald, Dettwiler and Associates Ltd. tumbled almost 10 per cent in early trading Thursday after the company warned its third-quarter earnings will be lower due to the housing and lending environment in the United Kingdom. The company, also known as MDA, fell $2.68 to $24.75, in trading on the Toronto Stock Exchange.

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