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TheStreet.com: The Night Watch: Red Hat the Big Winner Following Microsoft Announcement

Written By
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Web Webster
Web Webster
Apr 30, 2000

“Tonight’s big winner was the gentleman in the red cap. Red
Hat CEO, Bob Young, who bears an unnerving resemblance to Bill
Gates, but distinguishes himself with his ever-present perky red
hat, saw his stock jump 5 points in the aftermath of the 4:30 pm
EDT Microsoft news conference.

“It fluctuated slightly, but finished the evening up 4 13/16 to
29 7/8 on 150,000 shares on Instinet and popped 5 to 30 on 380,000
Island shares.”

“Founded in 1994, Red Hat makes open source operating systems.
The Red Hat Linux Os, competes with the Microsoft operating system
and is distributed by PC and server manufacturers such as Compaq,
Dell, Gateway, IBM, Hewlett-Packard and Silicon Graphics.”

Complete
Story

thumbnail
Web Webster

Web Webster

Web Webster has more than 20 years of writing and editorial experience in the tech sector. He’s written and edited news, demand generation, user-focused, and thought leadership content for business software solutions, consumer tech, and Linux Today, he edits and writes for a portfolio of tech industry news and analysis websites including webopedia.com, and DatabaseJournal.com.

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