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E-Commerce Times: Gateway Dons Red Hat, Offers Linux

Sep 07, 1999, 17:26 (1 Talkback[s])
(Other stories by Andy Wang)

"Red Hat, Inc. (Nasdaq: RHAT), which develops and distributes commercial versions of the Linux operating system, has signed up PC manufacturer Gateway (Nasdaq: GTW) as an authorized reseller. Red Hat announced today that Gateway will now be able to install Red Hat's Linux-based operating system when requested by customers."

"Gateway customers are asking for Linux solutions and the freedom of open source environments," said Ron Smith, vice president of marketing for Gateway Business. "We believe that Red Hat has the leading Linux offering and support, delivering our customers the best possible open source solution for their business needs..."

"Shares of Red Hat were up 1-13/16 to 86-3/4 in early trading today after the news. Early this morning, Red Hat received a buy rating from Hambrecht & Quist and a market outperform rating from Goldman Sachs..."

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