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Raleigh News & Observer: Red Hat Revels in Linux Turnaround

Aug 02, 2003, 01:00 (1 Talkback[s])
(Other stories by Vicki Lee Parker)

[ Thanks to Matt for this link. ]

"Red Hat corporate officials told investors Thursday morning that the Raleigh software company had only begun to 'scratch the surface' in the Linux market and that there was a vast amount of untapped business, especially in China, India and other overseas markets.

"Matthew Szulik, Red Hat's chief executive, told about 45 shareholders who gathered at the Linux software company's annual meeting in Raleigh that Red Hat has claimed a legitimate spot in the technology industry. As proof, Szulik rattled off a long list of major corporations that the company has formed partnerships with, including Amazon.com, AOL, Oracle, Dell, IBM and Intel.

"Just over a year ago, the picture was quite different for Red Hat, which was still struggling to turn its first profit. Some investors were wondering whether Linux, the free open-source operating system, was just a fad..."

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