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CNET News.com: Linux gadget push helps Red Hat narrow losses

Sep 18, 2000, 14:08 (0 Talkback[s])
(Other stories by Stephen Shankland)

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"Red Hat today [14 September] edged a penny closer to profitability than analysts had expected, boosted by several companies paying to use its software in gadgets and other so-called embedded devices. The leading Linux seller reported an adjusted net loss of $1.9 million, or 1 cent per share, on revenues of $18.5 million for its fiscal second quarter ended Aug. 31."

"Companies that hired Red Hat in the past quarter to help push Linux into embedded devices included Samsung, Eastman Kodak, Hitachi, Ericsson, Cirrus Logic, Cradle Technologies and Intel, Red Hat chief operations officer Tim Buckley said during a conference call today. Such contracts typically have garnered Red Hat revenue from $100,000 to more than $1 million each, he said."

"The embedded Linux effort--which began with Red Hat's acquisition of Cygnus Solutions in November and continued with its June acquisition of WireSpeed Communications--will get another a boost in two weeks when Red Hat introduces its version of embedded Linux at the Embedded Systems Conference in San Jose, Calif., said chief executive Matthew Szulik."

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