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U.S. News: Red Hat gears up to fight Microsoft

Jun 13, 1999, 13:58 (6 Talkback[s])
(Other stories by Russ Mitchell)

"For most of the 1990s, competing head-on against Microsoft was a singularly stupid thing to do. Entrepreneurs who dared to try were treated like modern-day Don Quixotes begging funds for a windmill-demolition start-up. It wasn't just hard for them to find venture capital financing. It was practically impossible."

"Now comes Red Hat, a tiny company out of North Carolina with the temerity to put Microsoft and its Windows operating system smack in its cross hairs. A lost cause? Intel, Compaq, Dell, Novell, Oracle, and SAP don't think so-they've all taken equity stakes in Red Hat, as have two major Silicon Valley venture capital firms. Earlier this month, the company announced plans to offer stock to the public."

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