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Do managed hubs and switches require IP addresses within a LAN?

Do managed hubs and switches require IP addresses within a LAN?
Assigning an IP address to a managed hub/switch will allow you to administer said equipment "in-band" using telnet or a web browser, rather than requiring a direct cable hook-up to the equipment - this is quite helpful for management of equipment at remote locations where you may or may not have qualified technical staff on-hand to adminsiter the equipment.

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