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Accept trims work force, replaces CEO

The Internet retailer of technology products lays off 110 workers, or 30 percent of its work force, and replaces CEO and President Katherine Vick., an Internet retailer of technology products, has laid off 110 workers, or 30 percent of its work force, and replaced CEO and President Katherine Vick, the company announced.

"As far as our customers are concerned, it is business as usual," newly appointed CEO and President Darryl Peck said in a statement Friday.

Vick notified Outpost that "she believed she had been constructively terminated from her position," the company said. Vick, along with James E. Preston, has resigned from Outpost's board.

The announcement comes a day after the company said fourth-quarter losses excluding goodwill amortization totaled $10.1 million, or 30 cents per share, compared with a loss of $9.8 million, or 41 cents per share, in the year-earlier period.

Analysts on average had expected a loss of 32 cents to 34 cents a share, with a consensus forecast of 33 cents, according to First Call. Outpost warned on Feb. 23 that softening demand for personal computers would hurt its fiscal fourth-quarter results.

Outpost, formerly known as Cyberian Outpost, is based in Kent, Conn.