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Computerworld Australia: Red Hat Defends Support While Buying Back Stock

Oct 30, 2006, 14:30 (0 Talkback[s])
(Other stories by Robert Mullins)

"The board of Linux distributor Red Hat has decided to buy back some of the company's stock to shore up its share price in the wake of a competitive blow from Oracle.

"Red Hat will buy back, over time, US$250 million in shares and will buy back US$75 million of debt, the company said Friday..."

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