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Inter@ctive Investor: Red Hat steps up profit push

Jun 16, 2000, 14:42 (0 Talkback[s])
(Other stories by Larry Dignan)

"Red Hat's business improvement isn't currently reflected in its stock. Before Red Hat accomplished anything, shares soared. Now, the company is executing, but shares aren't doing much."

"Officials said Red Hat has design wins with Cisco Systems (Nasdaq: CSCO), Iomega (NYSE: IOM), Hewlett-Packard (NYSE: HWP), Qwest Communications (NYSE: Q) and others. Red Hat also said it will announce enterprise wins "in the next couple months" through its partnership with Dell Computer (Nasdaq: DELL). The company also plans to announce a customer win with a Big Three automaker."

"Couple Red Hat customer wins with popularity gains of the Linux operating system, deals with Oracle (Nasdaq: ORCL) and Intel's (Nasdaq: INTC) support, and the company could be on to big things. Maybe Red Hat will become a Wall Street darling again."

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