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LinuxStockNews: Rants and Raves (June 26, 2000)

Jun 26, 2000, 14:03 (1 Talkback[s])

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"This week I thought I would update you on the happenings at one of the largest Linux companies, Red Hat (NASD: RHAT). I may turn this into a series that covers each major Linux company and discusses recent events and future prognosis. Red Hat closed Thursday, June 22, at $34 3/16, well off its 52 week high of $151 5/16 experienced in the Linux euphoria days, but off its recent lows of $15 in late May. The company is sporting a respectable $5.3 billion market cap and is up almost $10 over the past week. What's new at Red Hat? Let's take a look?"

"I would say that Red Hat's corporate progress can be summarized as right on track. Who hasn't heard of Bob Young? The company is making the right acquisitions, releasing timely updates, keeping Wall Street happy with solid revenue growth, joining the right consortiums, striking partnerships with the biggest players, and preaching the Linux gospel to corporations big and small alike. There is no question that Red Hat is the company to beat amongst Linux distributors. Mainstream adoption of Linux is continuing at a frantic pace with Red Hat leading the charge."

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