Seattle Post-Intelligencer: Look Out, Here Comes Red Hat
Apr 23, 2003, 19:00 (10 Talkback[s])
(Other stories by Jason Kelly)
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"Red Hat Inc., a software company whose profits come from
programs available free on the Internet, has convinced some
investors it can thrive against Microsoft Corp., a competitor with
more than 350 times its sales.
"Since October, seven money managers have each bought more than
half a million shares of Red Hat, the largest distributor of the
Linux computer operating system.
"Fidelity Investments, Wellington Management Co. LLC and
American Century Investments bought a combined 11.1 million shares,
helping to push them up 31 percent in less than seven months to
$6.14 at yesterday's close..."