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Because the One True Quoting Style, *as defined before Internet mail became common*, puts the quoted text below and does not modify lines. New content at the top, audit trail below. Accordingly, this style is *mandated* by at least some large companies.

(My guess is that it came from something like PROFS and has since become institutionalized. Whether it's just an IBM-ism that became "the way it's done" or it was made that way in response to corporate requests, I don't know.)

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