“Red Hat, Inc. (Nasdaq: RHAT), which develops and distributes
commercial versions of the Linux operating system, has signed up PC
manufacturer Gateway (Nasdaq: GTW) as an authorized reseller. Red
Hat announced today that Gateway will now be able to install Red
Hat’s Linux-based operating system when requested by
customers.”
“Gateway customers are asking for Linux solutions and the
freedom of open source environments,” said Ron Smith, vice
president of marketing for Gateway Business. “We believe that Red
Hat has the leading Linux offering and support, delivering our
customers the best possible open source solution for their business
needs…”
“Shares of Red Hat were up 1-13/16 to 86-3/4 in early
trading today after the news. Early this morning, Red Hat
received a buy rating from Hambrecht & Quist and a market
outperform rating from Goldman Sachs…”