Red Hat Falls on Downgrade - TheStreet

Red Hat

(RHAT)

was down 14.4% in midmorning despite Thursday's higher-than-expected earnings report after

ABN Amro

cut it to market outperformer from buy, citing disappointing revenues. Other Linux stocks also sagged.

VA Linux

(LNUX)

was down 6.6% while

Corel

(CORL)

was unchanged after falling at the opening.