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Financial

Avici Founder Must Sell Shares

N. BILLERICA, Mass. -- Avici Systems (Nasdaq:AVCI - news), today announced that Hank Zannini, one of the founders of Avici, was forced to liquidate 300,000 shares of his holdings in Avici stock on a demand call from his lender, Merrill Lynch Private Finance Inc., pursuant to a demand loan and collateral agreement.

http://www.avici.com
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