Revamped Motorola is rolling again

Article Abstract:

The stock of cellular phone maker Motorola Inc hit a 52-week high of $86.94 on Mar 12, 1999, more than double in the past eight months. The company has also announced the sale of its semiconductor components business to an investment group for $1.6 billion on cash and stock, reducing its stake in the unit to 10%. Motorola said that it will focus on its core businesses of semiconductor chips and wirelress communication systems.

United States, Other Electrical Equipment and Component Manufacturing, Electronics, Motorola Inc.

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Red Hat's IPO saors; CEO sees windfall

Article Abstract:

Durham, NC-based Red Hat Inc, the biggest seller of Linux operating system, saw its stock soar in its first day of trading as a public company. The initial public offering netted Red Hat C$84 million on six million shares sold at C$14 each. With the help of Mark Ewing, Red Hat was established by Robert Young, the company's chairman and chief executive who also hails from Hamilton, Canada.

North Carolina, Red Hat Inc.

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