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Local Tech Wire: ‘Buy’ Recommendation Sends Red Hat Soaring

Nov 16, 2004, 18:30 (0 Talkback[s])

"First Albany gave Red Hat a 'buy' rating on Monday, igniting a surge in the Linux software firm's stock price.

"Red Hat opened at $12.53, up 95 cents, and closed the day at $13.10. The $1.52 represented a 13 percent increase from Friday's close on $11.58..."

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