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Microsoft, AT&T announce collaboration

CHICAGO, June 8 (UPI) -- Microsoft Corp. and New Jersey's AT&T Corp. will jointly develop new conferencing, messaging and document-management services for businesses.

Among capabilities envisioned by the five-year partnership is real-time collaboration on word processing documents by remote colleagues.

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The new services will merge Microsoft Word and Excel, with AT&T's Voice over Internet Protocol or VoIP network. VoIP sends voices over the Internet.

Wall Street was unimpressed.

"I don't sense a big need," said Greg Gorbatenko, a telecom analyst with Marquis Investment Research. "I don't think it's anything that's going to cause the stock to pop."

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