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RHAT |
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In equity news, Red Hat (NASDAQ:RHAT) is on the ropes this morning, as Oracle (ORCL) announced that it will offer full technological support for RHAT's Linux operating system at a much lower price than RHAT currently charges for its support services. On the news, RHAT has surged more than five percent, setting a new annual high in the process. Company gross margins also came in slightly ahead of Wall Street's expectations, as RHAT reported gross margins of 84 percent versus the consensus estimate of 83. |
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