CBS MarketWatch: Unify soars on Red Hat deal

“Shares of Unify Corp.screamed up 18 percent Thursday
the electronic commerce company said it’s extending
its partnership with Red Hat
Inc. by certifying two Internet
programs for use with Red Hat’s Linux operating system.”

“Shares of Unify (UNFY…) rose as much as 3 1/8 to 19 7/8
on trading of 14.0 million shares–more than 58 times its usual
daily volume.

Red Hat shares (RHAT…) were up as much as 6 1/2 at 123 1/4,
having more than doubled in the last two weeks.”

“Unify and Red Hat announced a deal in May 1999 to co-develop
and market software for the new Red Hat’s Linux system, and today’s
announcement is an extension of the those plans.”

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