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SmartMoney: The Cat in the Red Hat

Dec 22, 2003, 19:00 (0 Talkback[s])
(Other stories by Lawrence Carrel)

"The good news was just too juicy for Wall Street to keep under its hat.

"With more evidence emerging that its Linux business is on fire, investors snatched up shares of Red Hat (RHAT) on Friday. The software company's stock soared 22% to a three-year high of $17.49, bringing its year-to-date gain to a whopping 196%. Analysts didn't hesitate to jump on the bandwagon as well, raising ratings on Red Hat en masse..."

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