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IT Management Linux News for Sep 18, 2001
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Red Hat Announces Q2 Results: Break Even Per Share With Net Loss of $100,000 (Sep 18, 2001, 23:55)
"The company reported an adjusted net loss of $100,000, or break
even per share, for the second quarter of fiscal 2002, compared to
an adjusted net loss of $4.0 million, or $0.02 per share, for the
second quarter of fiscal 2001. On a reported basis, the net loss
was $55.3 million, or $0.33 per share, compared with a net loss of
$20.0 million, or $0.12 per share in fiscal 2001."
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RobVal.com: Linux as a Replacement for Windows 2000 (Sep 18, 2001, 23:15)
"Based on a solid Linux business plan, my client decided that
Linux was a good investment for most of the company's employees,
but will retain a few key Windows computers in the office for
specific applications. Connecting Linux and Windows computers on
the same network, and sharing Office 97/2000 files between the
different OSs, is easy and works well, thanks to Linux Red Hat and
Star Office. The primary reason for this decision was a $10,000
saving on his IT budget! For support reasons, he decided to use a
local Linux supplier for installation and configuration work."
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VA Linux Lays Off DRI Developers, Other Cuts Reported (Sep 18, 2001, 19:01)
The layoffs are, according to several sources, part of a larger
trend that's seen the company cut not only members of the DRI team
but the bulk of its software engineering and professional services
units. One report says the company has cut staffing to about 100
employees, down dramatically from its peak of approximately
600.
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Reuters: Red Hat sets buyback program
(Sep 18, 2001, 07:39)
"Red Hat joins dozens of U.S. companies initiating or increasing
repurchase programs in the aftermath of last week's attacks in New
York and Washington. The company's shares were off 19 cents, or 6.1
percent, at $2.93. Earlier, it set a fresh year low at $2.40."
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