Red Hat No. 1 local stock

Posted by tadelste on Jan 1, 2006 12:07 PM EDT
News & Observer; By Jonathan B. Cox, Staff Writer
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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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