By Pia Heikkila, 19 September 2001 11:42
NEWS The Linux software maker Red Hat said it expects to break even by the fourth quarter this year. It blamed the current economic downturn for its poor performance and said it won't be able to provide revenue guidance because of the New York catastrophe. It has reported losses in the second quarter and revenues were down 15 per cent. Net losses grew to $55.3m or $0.33 per share, compared with a loss of $20m, or $0.12 per share in the same quarter a year ago.
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