Filing H1B

I am working in Company A with L1 status. I filed for an H1 (FY-2010) with Company B and got it approved. Now Company A as of date wants to file for my H1 (FY-2010). My questions are: a) Can the already approved H1 get cancelled because of A's application? b) Can I loose both H1's (A and B both cancelled) c) Is there any way to retain at least one (A or B)?

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You do not "lose" an existing H-1 by filing of a new one.

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