Red Hat, Techs Shine as Market Dims

In a day when the Dow dropped at one point to the sub-10,000 level, the Nasdaq up 67.47, saw Red Hat announce that it had beaten its fourth quarter estimates and broke-even as compared with a loss of $5.6 million last year. Revenues more than doubled to 27 million, from 13.1 million last year. Many Wall Street analysts had anticipated Red Hat to report an operating loss of one cent a share.