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IT Management Linux News for Jun 16, 2000

  • BW: Ransom Love, President and CEO of Caldera Systems Inc. Opens Nasdaq... (Jun 16, 2000, 19:14)
    "Caldera Systems was also added to the Russell 3000 Index this week. The Russell 3000 Index confines itself to the 3,000 most actively traded shares..."

  • Inter@ctive Investor: Red Hat steps up profit push (Jun 16, 2000, 14:42)
    "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."

  • The Register: Red Hat out of the red in 2001 - CEO (Jun 16, 2000, 13:10)
    "Expect more acquisitions like WireSpeed and Bluecurve while Red Hat continues to spend money on developing its business. Provided revenues continue to grow at around 22 per cent a quarter - and there's no reason why they shouldn't - Red Hat should indeed be in a position to go into the black next year."

  • Ottawa Citizen: Corel losses could reach $24M, company warns (Jun 16, 2000, 11:43)
    "The software company said it expects to report a loss of $22 million to $24 million next Tuesday when it releases complete results -- up to $5 million worse than originally anticipated."

  • Canada.com: Corel loss advisory points to deeper cuts; Cowpland future questioned (Jun 16, 2000, 03:40)
    "Analysts say the company, now in a cash-flow crunch, needs to think about reducing its product lines. Some also suggest that chief executive Michael Cowpland and other top managers should seriously consider other work."

  • CNET News.com: Wintel won't dominate devices, exec says (Jun 16, 2000, 01:05)
    "A number of manufacturers plan to adopt the open-source Linux operating system over Windows 98 or versions of Windows CE for upcoming set-top boxes and appliances. And, while some are using Intel processors, a number of companies have built designs around Transmeta or National Semiconductor processors."

  • CNET News.com: Red Hat beats estimates, aims for profit in 2001 (Jun 16, 2000, 00:41)
    "Q1 performance represents continued execution against our plan to double revenue and become profitable in 2001 while leveraging our acquisitions to enter new markets and create new revenue streams," CEO Matthew Szulik said in a statement."