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Old 01-01-2006, 03:16 PM   #1
LXer
LXer NewsBot
 
Registered: Dec 2005
Posts: 74,110

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LXer: Red Hat No. 1 local stock


Published at LXer:

Investors are a finicky bunch. One year you're cool. The next you're, well, so last year. Consider Red Hat. The company was one of the Triangle's biggest dogs in 2004. The stock sank almost 30 percent on concerns about the health of the Raleigh company's business. It sells subscriptions to Linux computer software, which functions like Microsoft's Windows. But in 2005, the stock shot up like a weed on a sunny spring day. Red Hat shares rose 104 percent, making it the top gainer among 28 public companies based in the region.

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