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Microsoft - Open Text rumor is just that
John Shackleton, the CEO of ECM vendor Open Text, today quashed rumors of an impending acquisition by Microsoft, according to the Toronto Star. Personally, I can't see how the customers from either company would gain from such an acquisition. Shackleton did the right thing by setting the matter straight (at least for now), although talking about takeovers can't hurt their stock price, either. Open Text shares, which have taken a bumpy ride this year, finished today up a third of a percentage point.
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