Red Hat Hit -- Redmondmag.com

Barney's Blog

Red Hat Hit

Remember that bully in school that always stole your hat and tossed it in the garbage? For Red Hat, Larry Ellison is that bully. Larry announced that Oracle will happily support Red Hat software -- for half-price! That news had Red Hat investors seeing red as the stock sank almost $6 in a day. At least Red Hat is still in the black!

The company itself still believes in the stock and last week announced plans to buy back $300 million worth of shares.

Posted by Doug Barney on 11/01/2006 at 1:15 PM

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