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Strategies & Market Trends : The Thread

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To: stan s. who wrote (19705)	10/25/2000 1:39:24 PM
From: Mike E.	Read Replies (1) of 49816

Here's why QNTS was up so much today: (REUTERS) Siemens<SIEGn.DE> takes 19.9 pct stake in Quintus Siemens<SIEGn.DE> takes 19.9 pct stake in Quintus FRANKFURT, Oct 25 (Reuters) - German technology and engineering group Siemens AG said on Wednesday it would acquire a 19.9 percent stake in U.S. software-maker Quintus <QNTS.O> for $72 million. Quintus, an online customer service and management provider, and a Siemens' subsidiary will also form a partnership in the area of customer relations services. In return for its stake and subject to the approval of the anti-trust authorities, the German group will obtain a seat on Quintus' board of directors. ((Carmel Crimmins, Frankfurt newsroom, +49 69 756525, frankfurt.newsroom@reuters.com)) REUTERS * end of story *

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