Feb 1 (Reuters) - DragonWave Inc DWI.TO -
* DragonWave presents cost reduction plan to financing partners
* Says updated plan reduces operating costs by 30%, to achieve cash flow break even at anticipated revenue and margin levels
* Says reductions are focused on discontinued legacy products, streamlining G&A expenses, and deemphasizing lower margin regions
* Says plan has been presented to DragonWave's key lenders with goal of increased financing flexibility to execute plan Source text for Eikon: ID:nCCN5spygz Further company coverage: DWI.TO