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ShoreTel reports quarterly numbers, takes one-off GAAP loss

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ShoreTel this week reported its financial results, bringing in $31.2 million and reporting a GAAP net loss of $7 million, around $0.16 per share.

Most of the GAAP (General Accepted Accounting Principles) net loss is wrapped up in $4.1 million for legal settlement costs with Mitel over a patent fight; the two companies agreed [...]