Reuters: Red Hat stock surges for 2nd day on deals, ratings

Red Hat Inc…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 recordhigh of $134, up $26 in another day of furious trading
Wednesday, adding to a $21 gain on Tuesday.”

“The stock lifted off Tuesday after Red Hat announced deals in
which personal computer maker Gateway Inc. agreed to resell Red
Hat’s versionof Linux for its ALR line of computer servers, which
are used to manage the networks of other computers.”