Stock Watch: Sun Alliance Lifts Vignette

Vignette Corp. (Nasdaq: VIGN) rose 1 5/8 to 37 1/2 Thursday after the e-business software maker announced an alliance with Sun Microsystems, Inc. (Nasdaq: SUNW).

The two companies will engineer and market e-commerce hardware and software products aimed at the media and telecommunications industries. The alliance is Vignette’s second big e-commerce deal in recent days. On August 3rd, it announced an agreement to work with IBM on e-business applications.

Vignette is also expanding internationally. Earlier this week, the company said it opened offices in Argentina, Brazil and Mexico. Vignette is based in Austin, Texas.

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