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

“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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