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

Apr 30, 2000, 03:40 (0 Talkback[s])
(Other stories by Angela Privin)

"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."

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