Is Red Hat in Trouble?
News Analysis: The market dumped Red Hat, but the Linux company's financial news really wasn't bad at all. (Linux-Watch)Red Hats total revenue for its fiscal 2007 second quarter may have grown, but when the second-quarter profit slipped 34 percent because of stock compensation expenses, the stock-market had a fit and Red Hats stock dropped 23.21 percent to $20.21 a share. Was the news really that bad? It doesnt look like it was that awful. Red Hats total revenue for the quarter was $99.7 million, an increase of 52 percent from the year-ago quarter and 19 percent from the prior quarter.
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