Computerworld Australia: Red Hat Defends Support While Buying Back Stock | Linux Today
News
SHARE
Facebook X Pinterest WhatsApp

Computerworld Australia: Red Hat Defends Support While Buying Back Stock

Written By
Web Webster
Web Webster
Oct 30, 2006

“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…”

Complete
Story
Web Webster

Web Webster

Web Webster has more than 20 years of writing and editorial experience in the tech sector. He’s written and edited news, demand generation, user-focused, and thought leadership content for business software solutions, consumer tech, and Linux Today, he edits and writes for a portfolio of tech industry news and analysis websites including webopedia.com, and DatabaseJournal.com.

Linux Today Logo

LinuxToday is a trusted, contributor-driven news resource supporting all types of Linux users. Our thriving international community engages with us through social media and frequent content contributions aimed at solving problems ranging from personal computing to enterprise-level IT operations. LinuxToday serves as a home for a community that struggles to find comparable information elsewhere on the web.

facebook
linkedin
x

Company

Contact us

Categories

News IT Management Infrastructure Developer Security High Performance Storage Blog

Property of TechnologyAdvice. © 2026 TechnologyAdvice. All Rights Reserved

Advertiser Disclosure: Some of the products that appear on this site are from companies from which TechnologyAdvice receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. TechnologyAdvice does not include all companies or all types of products available in the marketplace.

Terms of Service Privacy Policy California - Do Not Sell My Information