“Shares of Red Hat rose sharply Monday after the software maker
announced it had reached a computer services deal with auto-parts
chain AutoZone.”
“Red Hat said it had agreed to provide on-site consulting and
support services to AutoZone as part of the retailer’s plans to
install a computer terminal system based on Linux software in its
2,800 stores….”
“This isn’t a reaction to a deal with a relatively
mainstream company like AutoZone,” said Christopher Galvin, an
analyst at Hambrecht & Quist, which co-managed Red Hat’s
initial public offering in August. “It’s a reflection of the
momentum of Linux operating systems and the open source
market.”
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