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Sat 03 Mar 2007Inter-Tel urged to sell Lake CommunicationsThe founder of US-based telecommunications equipment firm Inter-Tel is urging the company to consider a disposal of Dublin-based Lake Communications, just two years after the Irish firm was acquired for up to $46.3 million (€35.2 million).Steven Mihaylo, has asked the Nasdaq-listed company to explore a sale of its Irish arm unless its financial performance improves, and to immediately take other measures to "enhance stockholder value in the near and longer term".