posted by Thom Holwerda on Mon 2nd Jan 2006 14:10 UTC, submitted by anonymous
The stock shot up like a weed on a sunny spring day. Red Hat shares rose 104 percent, making it the top gainer among 28 public companies based in the region. It highlights an adage of business: performance pays. Red Hat, after bolstering its executive ranks and making other tweaks, has reported solid sales and profit growth. In the most recent quarter, which ended Nov. 30, it beat analysts' expectations for both.