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PeoplePC narrows loss

PeoplePC said Tuesday that its revenue grew and loss narrowed in the second quarter. The PC company lost $26.8 million, or 24 cents per share, on revenue of $42.7 million. That compares with a loss of $91.5 million, or $2.76 a share, on revenue of $11 million in the second quarter of 2000. San Francisco-based PeoplePC, which works with companies to provide computers and Net access as a fringe benefit to workers, also announced a new agreement with Ingersoll Rand. PeoplePC will provide PCs and Internet service to the industrial equipment company's 50,000 active and retired workers.

PeoplePC said Tuesday that its revenue grew and loss narrowed in the second quarter. The PC company lost $26.8 million, or 24 cents per share, on revenue of $42.7 million. That compares with a loss of $91.5 million, or $2.76 a share, on revenue of $11 million in the second quarter of 2000.

San Francisco-based PeoplePC, which works with companies to provide computers and Net access as a fringe benefit to workers, also announced a new agreement with Ingersoll Rand. PeoplePC will provide PCs and Internet service to the industrial equipment company's 50,000 active and retired workers.