*** Linux vendor Red Hat to go public
DURHAM, N.C. (AP) - Red Hat Inc., which won investments by major
information technology companies seeking to build a software
challenger to Microsoft, says it will go public with a $96.6 million
stock offering. The company, which found a way to take software
available free worldwide and sell packaged versions backed with
technical support, said Friday it has filed a registration statement
with the Securities and Exchange Commission for an initial public
offering of its common Stock. Red Hat is a leading vendor of Linux, a
software code developed by Linus Torvalds in the early 1990s when he
was a student in Finland. Linux is best known for being an operating
system that rarely crashes. See
http://www.infobeat.com/stories/cgi/story.cgi?id=2559824162-bbd
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