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To: KevinMark who wrote (93919)9/7/1999 2:40:00 PM
From: flyboy  Respond to of 119973
 
VONE...Tuesday September 7, 2:07 pm Eastern Time
V-One, Red Hat in security pact, stocks soar
NEW YORK, Sept 7 (Reuters) - Shares of Internet security software maker V-One Corp. (Nasdaq:VONE - news) and Red Hat Inc. (Nasdaq:RHAT - news) surged Tuesday after V-One unveiled Linux-based software that allows companies to form secure links with their trading partners.

Shares of Germantown, Md.-based V-One soared 104 percent, or $2-3/8, to $4-5/8 a share, after reaching a 52-week high earlier in the day of $5-1/4. Red Hat shares rose $8-7/8 to $93-9/16. Both trade on the Nasdaq stock market.

The software, called Instant Extranet Server (IXS), allows companies to use the Internet securely to share information with suppliers and customers using private networks running Internet-based software.

IXS combines V-One's network security software with Linux software from market leader Red Hat. Linux is a low cost alternative operating system to Microsoft Corp.'s (Nasdaq:MSFT - news) Windows that is developed by an open community of software programmers.

V-One said the IXS system, which can be installed in under 30 minutes, would sell for $995, giving small businesses access to Internet security that has previously been available only to larger organizations paying far higher prices.