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Reuters: Red Hat Deals Push Make Stock Surge

“Red Hat Inc., the leading distributor of Linux, an alternative
to Microsoft’s Windows software, rocketed nearly 25 percent for the
second day running on Wednesday following news of major contracts,
Wall Street backing and plans to enter the Japanese market.”

“Durham-based Red Hat, the darling of momentum investors since
it tripled on the first day of its inital offering a month ago, hit
a new record high of $134, up $26 in anotherday of furious trading
Wednesday, adding to a $21 gain on Tuesday.”

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