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Red Hat joins S&P 500 - a sign of Linux maturity

Jul 20, 2009, 16:04 (0 Talkback[s])
(Other stories by Sean Michael Kerner)

[ Thanks to smk for this link. ]

"Red Hat started off on the NASDAQ in 1999 then moved to the NYSE in 2006. Two years later, the NYSE itself moved to Linux as the underlying operating system for trading operations. While financial services are a key vertical for Red Hat, it's not the only one.

"In the last several Red Hat earnings calls, analysts keep asking how Red Hat's exposure to financial services is affecting its bottom line. The answer is self-evident. In its first quarter fiscal 2010 earnings, Red Hat showed continued growth despite the global economic downturn."

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