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Motley Fool: David Gardner Interviews Red Hat CEO [Matthew Szulik]

Nov 01, 2000, 22:25 (0 Talkback[s])
(Other stories by David Gardner)

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"Red Hat President and CEO Matthew Szulik was recently a guest on The Motley Fool radio show. David Gardner and Szulik discussed a number of issues, including the future of the company, the Linux operating system, and Microsoft...."

"About a year ago, we had former Red Hat CEO Robert Young on our show and Red Hat stock then was trading about $40 per share. It went up as high as $150 per share and now trades around $15. Why do you think the public markets have punished Red Hat?"

"Szulik: I think the public markets have punished most tech stocks. It is a disruptive technology and we are at a very early stage of the business cycle and market acceptance, competing against two very large competitors -- Sun Microsystems (Nasdaq: SUNW) and Microsoft (Nasdaq: MSFT). If you look at the economics of our business and growth rate, and the acceptance of open source globally, it's absolutely phenomenal. And I do believe the media certainly did a good job of placing a lot of spotlight and enthusiasm at the very earliest stages of that cycle. Certainly, I think we're really at the early stage of that and feel the prospects continue to remain very bright...."

"Can Red Hat compete with Microsoft?"

"Szulik: Absolutely. I think we're doing a damn good job of it already. Look how fast Red Hat Linux has now become the second-leading server operating system in the world, Linux and Red Hat Linux. And if you look at the market opportunity -- if you believe what Forrester, IDC and other major research companies say -- that the devices will become the source of access and commerce for the Internet by the year 2004, that market is still virgin."

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