“Red Hat’s business improvement isn’t currently reflected in its
stock. Before Red Hat accomplished anything, shares soared. Now,
the company is executing, but shares aren’t doing much.”
“Officials said Red Hat has design wins with Cisco Systems
(Nasdaq: CSCO), Iomega (NYSE: IOM), Hewlett-Packard (NYSE: HWP),
Qwest Communications (NYSE: Q) and others. Red Hat also said it
will announce enterprise wins “in the next couple months” through
its partnership with Dell Computer (Nasdaq: DELL). The company also
plans to announce a customer win with a Big Three automaker.”
“Couple Red Hat customer wins with popularity gains of the
Linux operating system, deals with Oracle (Nasdaq: ORCL) and
Intel’s (Nasdaq: INTC) support, and the company could be on to big
things. Maybe Red Hat will become a Wall Street darling
again.”