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Raleigh News & Observer: Red Hat Waxes Optimistic

Jul 26, 2002, 22:00 (3 Talkback[s])

"At Red Hat's first two shareholders meetings, there was optimism of results yet to come.

"But at the company's third annual gathering, held Thursday at the Linux company's headquarters in Raleigh, corporate officials were finally able to talk about a stock price that finished the past 12 months above where it started, customers with real name recognition, and mainstream software and hardware partners.

"Despite increasing competition, the scandal-shocked stock market, and a slow-to-no corporate spending environment for technology, Red Hat Chief Executive Officer Matthew J. Szulik confidently predicted growing sales in the coming year..."

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