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OPEN Text Gives Positive Health Report, Shares Jump

By cmswire

Feb 27. 2004

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Open Text Corp. shares rose 7.47 per cent Wednesday after the software company raised its profit guidance following its successful acquisition of Germany's Ixos Software AG.

Open Text increased its guidance following completion of the acquisition of 88 per cent of the shares of Ixos, a software firm Open Text agreed to acquire last October for about $230-million in cash and stock.

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