Microsoft excel changes the hyperlink in 2003 from 2000 automatic.
 

We have a lot off excel documents with hundreds off links in it pointed to
the local server .when I change something in the document and save it , all
off the hyperlinks are changed and are not working correct anymore .
below an example :
is : \\Nl-vl1\next\KLEPODAT\Solid Edge\Landings platen\1338
Duromer\07-0008-00.dft

changed to ../../../next/KLEPODAT/Solid Edge/Ssr top only
system/SSRT0700/SSRT0700HP/02 0001 00.Dft