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Leaked Memo Has Linux Companies Rising
Updated from 2:26 p.m. EDT
Microsoft(MSFT Quote) stock slipped Wednesday and shares of open-source software company VA Software(LNUX Quote) jumped more than 48% Thursday, as investors reacted to a warning by Microsoft CEO Steve Ballmer, who said his company faces a significant challenge from Linux.
Also up was Red Hat(RHAT Quote), the developer of the most popular version of Linux.
In recent trading, VA Software gained 73 cents, or 48.7%, to $2.23; Red Hat was up 60 cents, or 7.6%, to $8.52. Formerly known as VA Linux, the company runs a network of news and development sites for open source developers, and sells an open source development tool that runs on Linux. Microsoft shed 81 cents, or 3.3%, to $24.06. ...
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