IT-Director: Interview with Red Hat, CEO, Matthew SzulikJun 07, 2000, 03:30 (5 Talkback[s])
"ITD: What's happening with the Red Hat Share price?
MS: I wish I knew. I think there are really a number of factors at work here but predominantly the issue is that of the Nasdaq correction. We have taken a hit along with a host of other market players and I really don't think that we are being treated any differently to the rest of the market. ..."
"ITD: Are we witnessing a Linux market shake-out?
MS: I think that is most definitely the case. The shake-out is really inevitable though given that this is such an early market it is the same sort of thing we saw with Yahoo and Lycos some time ago. It's the kind of readjustment you should expect. Having said that however, early to market players like ourselves can expect to benefit from this market readjustment. We are continuing to execute very effectively and are recruiting very aggressively to form a management team that is very much capable of taking Red Hat towards becoming the billion dollar company that we expect. In January we appointed Michael Tiemann to the position of Chief Technical Officer (previously CTO of Cygnus Solutions) and more recently we brought Harold Covert (formerly CFO and Executive VP of Adobe) in for the position of Chief Financial Officer (CFO)."
"ITD: Will Red Hat ever do non open source software?
MS: No never. To underline our commitment to the open source cause I can point to the acquisition of Cygnus as a prime example. When we took it on board it had a number of proprietary software products that would undoubtedly have been a good sell for us but it wasn't open source so we dropped it. Those products will never go to market."