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Nuance Communications Tumbles
Shareholders hammered Nuance Communications(NUAN Quote) after an acquisition that prompted a downgrade from one analyst.
Nuance was recently off $1.43, or 8%, to $16.55 on heavy volume at midday.
The Burlington, Mass. developer of voice-activated software for telephony announced late Thursday that it would buy Tegic Communications, which is owned by AOL, a subsidiary of Time Warner(TWX Quote), for $265 million in cash. ...
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