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The major indices post modest gains, but investors remain cautious amid higher oil prices.
Manchester gets clobbered.
It will pay $1.1 billion, or $18.50 a share in cash, for the software provider.
Applix surges after posting a blowout fourth quarter.
The software sector hasn't shown the enormous appetite for acquisitions that analysts predicted.
The negative preannouncements continue in software, with shares responding accordingly.
The $3-a-share cash bid should close by the end of the third quarter.
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