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Biolase Technology cuts 20 positions, CFO out

Tue, 07/13/2010 - 7:45am
The Associated Press

Biolase Technology slashed 20 positions and has taken other actions to boost profits, the dental laser company said Tuesday.

Brett Scott, the chief financial officer, left the company as part of the restructuring. CEO David Mulder will take over Scott's duties until a replacement is found.

Biolase said it expects to reduce its corporate expenses by roughly $3 million a year.

Shares of Biolase Technology Inc. fell 5 cents, or 3.6 percent, to $1.33 in midday trading.

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