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Default Excel 2007 painfully slow to open files

Having upgraded to Office 2007 (XP Pro, 1 Gb RAM Pentium 4 2.4GHz) I am
finding Excel to be painfully slow even when opening small (50k) files by
double clicking either the file or a shortcut. If I have Excel open and go
through the ribbon menu to open the file from within Excel it opens
immediately - it is only slow when opening a file via shortcut or double
clicking the file with Excel closed.

Is there a fix for this?


 
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