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Computerworld Australia: Red Hat Defends Support While Buying Back Stock

Oct 30, 2006, 14:30 (0 Talkback[s])
(Other stories by Robert Mullins)

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"The board of Linux distributor Red Hat has decided to buy back some of the company's stock to shore up its share price in the wake of a competitive blow from Oracle.

"Red Hat will buy back, over time, US$250 million in shares and will buy back US$75 million of debt, the company said Friday..."

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