Red Hat Shares Fall 3.3%

If Tuesday serves as any indication, the third quarter may not be a good one for Linux king Red Hat.

On the same day that the company's Chief Financial Officer Charlie Peters said Oracle's (nasdaq: ORCL - news - people ) push into the Linux market--as well as Microsoft's (nasdaq: MSFT - news - people ) recent partnership with Novell (nasdaq: NOVL - news - people )--may hurt the company near-term, shares fell 3.3%, or 57 cents, to $16.96.