“Shares of Red Hat Inc., the largest distributor of the upstart
Linux operating system, surged another 11 percent on Monday amid
talk that the company is poised to make more acquisitions, as it
seeks to become a competitive threat to Microsoft Corp. .
“Since last Tuesday, shares of the Research Triangle Park,
N.C.-based company, which has a red fedora as its logo, have soared
95 percent. Red Hat was the first company in the Linux area to
go public, in a successful public offering last August.
“On Monday, its shares climbed 23-1/8 to 236-5/8, giving the
company a market capitalization of over $15 billion. The stock was
initially priced at $14 a share…”