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CNET News.com: Dell tips its cap to Red Hat

Apr 06, 1999, 18:37 (0 Talkback[s])

"Dell Computer has joined the group of big-name computing companies that have taken an equity investment in Linux distributor Red Hat, but it won't likely be the last."

"It's the first time Dell has invested in a private firm, said a Dell spokesman, though he declined to reveal the monetary value of the investment."

"This is also the first investment from Direct Invest, a recently formed private investment division at Dell. Headed up by former Dell treasurer Alex Smith, Direct Invest will work with venture capital firms to seek out private investments, said another Dell spokesman. Initially, Direct Invest will focus on opportunities in electronic commerce and storage technology, among other areas."

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