I see you've posted on a related issue at:
http://www.excelforum.com/word-forma...ing-links.html. I note from your post there that you're:
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testing within a Virtual Machine and Office 2013
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It also seems much slower in loading the Word document after the links are updated even with auto-update turned off
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As you go on to note there:
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that could be Virtual Machine issue
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The same Virtual Machine issue may be at play here.