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Technology / AI and automation

INFORMIX TO BUY INNOVATIVE

Informix Corp, Menlo Park, has a letter of intent to acquire Innovative Software Inc in an exchange of 0.75 of an Informix share for each Innovative. Best known for its Smart Software word processing, spreadsheet, diary and communications suite for MS-DOS and Xenix, In-novative did $813,000 net on sales of $6.3m in the September quarter.

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CBR Staff Writer

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