"The CEO of Linux powerhouse Red Hat is in danger of being
caught out by the recent downturn in the performance of high-tech
companies after he predicted in June his revenues would double this
year, and for years to come."
"In an exclusive interview with silicon.com, Matthew Zsulik was
bullish about his company's future, claiming it would become
profitable within six quarters."
"He said: "We told Wall Street that we will grow our business by
100 per cent a year. Top line revenues, 100 per cent a year and we
will be profitable in five to six quarters and it will continue to
be a target to meet that goal."
"Red Hat recorded impressive revenue growth at the end of its
second fiscal quarter last month, but the figure fell short of
Zsulik's figure of 78 per cent."