September 18, 2002

Red Hat posts slim loss

"Red Hat Inc. on Tuesday posted a small second-quarter loss in line with expectations even as sales growth fell short of the forecast by the distributor of Linux computer software.

The Raleigh, North Carolina-based supplier of the computer operating system Linux posted a net loss of $1.7 million, or 1 cent per share, compared with a loss of $55.4 million, or 33 cents per share a year earlier."

Link: Reuters on

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