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AP/CBS News: Red Hat Shares Down on Competition News

Oct 14, 2006, 14:00 (10 Talkback[s])


Re-Imagining Linux Platforms to Meet the Needs of Cloud Service Providers

"Shares of Red Hat Inc., the largest distributor of the Linux operating system, tumbled more than 7 percent Friday after a Wall Street analyst suggested that Oracle Corp. may soon introduce its own Linux products.

"Red Hat's stock finished the day at $19.90, a decline of $1.59, after briefly falling below its 52-week low to $19.71 on the Nasdaq Stock Market..."

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