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