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Old 10-31-2006, 01:54 AM   #1
LXer
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LXer: Red Hat seen generating strong cash flow


Published at LXer:

Shares of Red Hat Inc., a provider of open source Linux software and services, jumped in morning trading on Monday after an analyst speculated that even if the company does cut prices on some of its services, it will still have healthy cash flow. The speculation is in response to a statement Friday by Red Hat's CEO, who implied that the company does not currently plan to cut prices to compete with a support service offering from database and software maker Oracle Corp.

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