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page load is slow


I have added this module to a page and created about 100 events which are all loaded in a list view.
It is taking about 10 seconds to load the page and is using 50% cpu whilst loading. If more than 1 person loads the page at the same time the cpu usage goes up to 90-100% at this point the rest of the site hangs,

Is there any way to improve the performance of the module? Because this site has a lot of visitors it is causing a real problem.