August 3, 2001

Heads still high at Red Hat

Author: JT Smith

News & Observer (Raleigh, N.C.) via Newsalert: "Thursday, shareholders got a chance to look at the open-source software company from the inside. The view company officials presented was of an
operation with a strong balance sheet and the sales potential to make shareholders forget their Red Hat shares are trading 96 percent lower than they
were 18 months ago.

Red Hat Chief Executive Officer Matthew J. Szulik described a company focused on specific areas of the market: large corporate customers, and device
manufacturers looking for an inexpensive operating system. Though Microsoft is often singled out as Red Hat's nemesis, Szulik said the company is aiming
at the Unix operating system market dominated by Sun Microsystems."

Category:

  • Open Source
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