Progress denied rumours this week that it was about to be acquired by Microsoft but its share price soared from $15 to a high of $23 on the strength of it, before settling down to $19-20.
The rumour was first aired on US cable television channel, CNBC, but other names such as IBM, Platinum Technologies, Computer Associates and Oracle have since been added to the list. The news came as Progress began shipping version 8.1 of its development tools, including the Appserver application partioning add-on and a replication toolkit. Appserver costs #319 per one user run-time licence.
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