[ Thanks to Colin Cashman
for this link. ]
“Shares of Be Inc., a developer of an operating system for
digital media and Internet appliances, rose about 48 percent
Thursday amid market rumors that the company could be acquired by
Red Hat Inc.”
“Shares in the Menlo Park, California company have climbed in
the past month, from 3-1/2 in November, as investors scooped up
alternatives to Microsoft after it was declared a monopoly by the
judge in its ongoing antitrust case.”
“On Thursday, Be’s shares surged after Charles Payne,
president of Wall Street Strategies, mentioned in a report to
clients that Be may be taken over by Red Hat, the largest
distributor of the alternative Linux operating system. Shares of Be
jumped 13 to 38-1/4 and Red Hat was up 2-1/2 to 245-3/4.”