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October 30, 2006
Red Hat Plans Stock Repurchase
As Reported in CIO.com:
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 $75 million of debt, the company said Friday.
One analyst doesn't seem to think Oracle can overtake Red Hat in support of Linnux.
Will be an interesting fight.
Posted by Becky at October 30, 2006 3:03 PM Posted to