`Hello. Press 1 Now To Get A Bargain'

Wall Streeters looked askance at Home Shopping Network for years, so it's not surprising that Precision Systems, a 1992 spin-off, had all the allure of a zirconium ring. The outfit that built and maintains HSN's 20,000-line computerized apparatus for answering phones and taking orders has run up big losses in trying to sell its knowhow to the rest of the world.

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