| Best Buy, Red Hat Beats the Street |
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Red Hat (RHT) reported its 4th Quarter earnings profits grew 44%. Shares are up 98% for the year. Some currency losses in Europe this year otherwise the profits would have been higher. All in all, a good quarter, with profits of $23.4 million or 12 cents a share. The company announced a $300 million stock repurchase program. The leader in open source software significantly outperformed Novell and Oracle. Trading at $29.43 down $1.27 in afternoon trading giving them a market cap of $5.8 Billion.
Best buy (BBY) announced Q4 earnings at $1.82 3 cents better than the $179 estimated. Revenues of $16.5 billion vs $6.0B estimated. Store sales were up 7% over last year. William Sergautis ChartTrader Hollywood FL
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