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The Register: Red Hat To Acquire Cygnus and Create Global Open Source Powerhouse

Nov 15, 1999, 15:54 (4 Talkback[s])
(Other stories by Tony Smith)

"So the rumours were true: Linux distributor Red Hat has confirmed it is to buy Cygnus for $674 million."

"The move follows on the heels of attempts to buy service and support specialist Linuxcare and fellow open source OS distributor TurboLinux...."

"These, at least, are clear. Now Red Hat has IPO'd, it has plenty of paper money with which to entice the owners of other Linux companies. If Red Hat is to grow and prosper as a business -- and that has to be its goal, otherwise why bother with an IPO? -- it needs to expand in improve its ability to generate first revenue and then profit."

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