Help Required In Transforming A File

How will i convert a file

<LREC><L:EPOCH>1198331268.553</L:EPOCH><LDATE>10-12-07</LDATE><L:SERVER>NONE</L:SERVER><L:PORT>NONE</L:PORT><LTIME>13:47:48.553</LTIME><LTEXT>dnvdmxk</LTEXT></LREC>
<LREC><L:EPOCH>1198331268.553</L:EPOCH><LDATE>10-12-07</LDATE><L:SERVER>NONE</L:SERVER><L:PORT>NONE</L:PORT><LTIME>13:47:48.553</LTIME><LTEXT>dnvdmxk</LTEXT></LREC>
<LREC><L:EPOCH>1198331268.553</L:EPOCH><LDATE>10-12-07</LDATE><L:SERVER>NONE</L:SERVER><L:PORT>NONE</L:PORT><LTIME>13:47:48.553</LTIME><LTEXT>dnvdmxk</LTEXT></LREC>

to this
<LDATE>10-12-07</LDATE><LTIME>13:47:48.553</LTIME><LTEXT>dnvdmxk</LTEXT>
<LDATE>10-12-07</LDATE><LTIME>13:47:48.553</LTIME><LTEXT>dnvdmxk</LTEXT>
<LDATE>10-12-07</LDATE><LTIME>13:47:48.553</LTIME><LTEXT>dnvdmxk</LTEXT>

Basically i want some portions of a file to be merged and form a new file

anju

sed 's/.*\(<LDATE>.*<\/LDATE>\).*\(<LTIME>.*<\/LTIME>\).*\(<LTEXT>.*<\/LTEXT>\).*/\1\2\3/g' "file"

you can do like this by cut :
ex
input is your file
cut -c 40-62 ch1-ch2 ch3-ch4input
<LDATE>10-12-07</LDATE>
<LDATE>10-12-07</LDATE>
<LDATE>10-12-07</LDATE>

thank you so much...!!!!! it worked