| Red Hat tumbles as Oracle targets Linux customers |
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Red Hat Inc. lost nearly a quarter of its market capitalization on Thursday after software giant Oracle Corp. offered half-price technical support to lure away the smaller company's customers.
Red Hat shares plunged 24 percent, or $4.68, to close at $14.83 on Nasdaq, suffering their biggest one-day share drop since the leading distributor of open-source Linux software went public in 1999.
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