The Boston Globe from Boston, Massachusetts • 47

Business C7 i Boston Globe FRIDAY, JUNE 8, 2001 headquarters is in Waltham, said the pace of its losses slowed in the first four months of 2001, leaving it on track to break even at operating level by June next year. Terra's loss before interest, tax, depreciation, and amortization increased to 89.4 mfllion euros ($75.8 million) in the first four months, from 76 million in the first quarter, said chairman Joaquim Agut at the annual meeting Canton-based sli a lamp and fixture maker seeking to cut $100 mfllion in debt, is exiting the lighting ballast business and shutting factories in Texas and Mexico be- cause of weak economic conditions and poor prices. SLI said if it cant find a buyer shortly the ballast business will be liquidated Westborough-based EPreienca an Internet consultant, said it will fire 60 to 80 employees, or 15 to 20 percent of its work force, because customers are spending less on technology. EPresence will take a second-quarter charge of $3 million to $4 million in connection with the firings, the company said in a release TRW an automotive parts maker that is shifting emphasis to developing information and telecommunica inc. said its US operations filed a voluntary petition for Chapter 1 1 reorganization.

The company said its two foreign units, BHC Aero-vox Ltd. in England and Aerovox de Mexico in Mexico arent included. The company, which also has operations in Huntsville, plans to pursue strategic alternatives through its investment banker, Loeb Partners and is also in negotiations for debtor-in-possession financing. The company also faces delisting from the Nasdaq Stock Market Barcelona-based Terra Lycos, the third-big- gest Internet provider whose US vernment bank expand its bookkeeping services for pension funds and multinational companies. The US provider of record-keep- ing services for institutional investors will send two representatives to work with Banco Itau in Sao Paulo to transfer technologies and help design new services and products, the companies said emc Corp.

of Hopkinton said it will postpone building a 1-million-square-foot office complex in Bel-lingham as lower revenue expectations changed the data storage firm's construction plans. (Globe staff and wire services) tions systems, agreed to buy Warwick, Network Six an information technology company, for $5.3 million in cash and assumed debt to expand in the Northeast Hailing Allen Iver-son's performance in leading the Philadelphia 76ers to a 107-101 win over the Los Angeles Lakers Wednesday in Game 1 of the NBA Finals, Reebok International Ltd. of Canton said if rushing out an Iverson ad to run in game 3 of the championship series Banco Itau SA said it formed a partnership With State Street to help Brazil's number two nongo- I i 1 1 4 'A I i XjyLsj I 1 I 7 v. 1 1 I ''I I ft -J 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 Regional Business in brief Bastiaens won't fight extradition Former Lernout Hauspie chief executive Gaston AJ. Bastiaens agreed not to fight his extradition to Belgium to face fraud and stock manipulation charges.

But his lawyer said Belgian authorities have not responded to a request that they support Bastiaens getting a 10-day release from the Rhode Island jail where he is heing held to organize his affairs before he returns to his native Belgium to face charges. Bastiaens was arrested by federal marshals at his Winchester home last month on a Belgian arrest warrant listing extensive charges that could carry a 15-year prison term. Separately, announced that Learning Company has agreed to be exclusive US and Canadian retail distributor of its Voice Xpress and Dragon Naturally Speaking products. said it hopes the deal, approved by US Bankruptcy Court in Delaware, will help it sharpen its focus on the corporate speech recognition market And board member Etienne Davignon quit board less than a month after he was named, saying his board seat at creditor Fortis NV could create an apparent conflict of interest PETER J. HOWE Winthrop man told to shut company The state Securities Division has ordered Joseph Gennaco of Winthrop to close his Taurus Capital Investment Group and to return nearly $1.9 million to investors, after he allegedly promised them guaranteed returns and failed to obtain a securities license.

The state said the 71 people who invested with Gennaco in 1997 64 of them from Massachusetts did not lose money and have had their assets returned. The Securities Division was alerted to Gennaco's business by advertising materials for his "Guaranteed Profit Safety Program," which offered a 6-percent minimum return and a maximum of 70 percent of the Standard Poor's 500 index's annual return. Matt Nestor, chief of the division, warned, "When people see a guaranteed rate of return, that should raise a red flag." BETH HEALY RSA Security buys Va. company RSA Security Inc. of Bedford has acquired 3G International, a privately held digital security company in Springfield, Va.

Terms of the deal were not disclosed. The bulk of RSA's revenue comes mostly from sales of RSA SecurlD, which makes sure only authorized employees can enter certain computer workstations, networks, and applications. Employees must use handheld smart-card or key-fob devices that generate random access codes, and also enter PINs into computers. 3G International, which employs 28 people, will expand RSA's offerings by allowing the smart cards to serve as badges or building access cards. RSA's shares fell 86 cents to $29.29.

STEPHANIE STOUGHTON Former C.R. Bard officials sentenced Three former executives of medical device maker C.R. Bard Inc. pleaded guilty in federal court in Boston to a misdemeanor charge of shipping adulterated heart catheters in a case stemming from a 1993 indictment David Prigmore, 62, of Natick, John Civnar, 56, of Winchester, and Lee Leichter, 52, of Fort Myers, were sentenced to one year of probation, including eight months of home confinement, and each was ordered to pay a 1,000 fine, according to the US attorney's office in Boston. Murray Hill, C.R.

Bard, which Tyco International Ltd. agreed to buy last month for $3.2 billion, was sentenced in 1994 after pleading guilty to 391 felony charges related to the adulterated catheters and agreed to pay fines totaling $61 million. A jury convicted Prig-more, Civnar, and Leichter in 1995 of conspiring to defraud the Food and Drug Administration. (Bloomberg) Etc New Bedford-based Aerovox REF BGCM For home delivery. h888 MY GLOBE Hw56a Uie23ostrja23tobc.