BW: Magic… Record… Quarter… Attributed to… Acquisition and [Linux] Applications Strategies

“Magic Software Enterprises, Ltd. (Nasdaq: MGIC) Thursday
reported record results for the fourth quarter. The Company
attributed these results to the success of its new applications and
acquisition strategies, as well as the increased demand for its
products and services.”

“Regarding Magic’s involvement with Linux, in October the
Company announced a developer partnership agreement with Red Hat
Inc. (Nasdaq: RHAT) to include release of Magic’s Enterprise Server
v.8.3 on Red Hat Linux 6.1, Red Hat’s latest CD.”

“The Company also announced that it would be introducing its
award-winning development environment for the Linux platform early
in 2000. Magic’s Enterprise Edition v.8 development environment
for Linux, which enables developers to build e-commerce and other
enterprise-level solutions directly on the platform, debuted last
month at the LinuxWorld Expo
in New York City to a crowd of
approximately 15,000 convention-goers and at an introductory price
of $299.”

Press Release