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Stock Watch: Rosy Forecast Powers Red Hat

By Nora Macaluso
May 11, 2000 12:00 AM PT

Red Hat, Inc. was up 7/8 to 20 7/8 in Thursday morning trading following reports that the company's chief financial officer expects revenue to double over the next four years.

Stock Watch: Rosy Forecast Powers Red Hat

Red Hat shares were trading above $151 at the end of last year, but have dropped along with those of other technology companies. Red Hat, based in Research Triangle Park, North Carolina, makes software for the Linux operating system. Earlier this week, the company formed a new division to invest in start-up companies.

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What best describes your attitude toward social networks and politics?
The value of engaging in serious political discourse outweighs the negatives.
Most of the political conversations seem overheated and ignorant.
Social networks provide a lot of very good political information from reliable sources.
Almost every political post I see is skewed or totally fake.
Political interactions on social networks simply mirror those in the real world.
Social networks remove inhibitions, bringing out the worst in people and politics.