Advertisement
YOU ARE HERE: LAT HomeCollectionsRed Hat Inc
IN THE NEWS

Red Hat Inc

FEATURED ARTICLES
BUSINESS
June 16, 2000 | Bloomberg News
Red Hat Inc. reported a lower-than-expected quarterly loss, sending its shares soaring in after-hours trading. Red Hat said its fiscal first-quarter loss narrowed to $2.5 million, or 2 cents a share, from $3.8 million, or 8 cents, a year ago. Analysts expected a loss of 4 cents. Shares in the Research Triangle Park, N.C.-based company climbed to $24.39 on the Instinet electronic brokerage system, after closing at $23.38, up 88 cents, on Nasdaq.
ARTICLES BY DATE
BUSINESS
July 14, 2004 | From Bloomberg News
Red Hat Inc., the world's biggest distributor of the free Linux computer operating system, will restate three years of sales and profit to correct accounting for subscription revenue. Its shares fell 23%, their biggest one-day drop. The Securities and Exchange Commission is questioning Red Hat, which is fixing the bookkeeping at the behest of its auditor, PricewaterhouseCoopers, Raleigh, N.C.-based Red Hat said.
Advertisement
BUSINESS
March 23, 2001
Other earnings, excluding one-time gains or charges unless noted, include: * ConAgra Foods Inc.'s fiscal third-quarter earnings fell 31% to $98.5 million, or 19 cents a share, reflecting higher energy costs and a slowing farm economy. The results matched analyst forecasts that had been revised down from 44 cents after ConAgra issued a profit warning last month.
BUSINESS
May 5, 2004 | From Bloomberg News
Red Hat Inc., the world's biggest distributor of the free Linux computer operating system, will introduce a version for desktop personal computers to compete with Microsoft Corp.'s dominant Windows. Red Hat wants to capitalize on rising corporate spending on PCs and Microsoft's plan for a new version of Windows, which runs about 93% of PCs, Red Hat Chief Executive Matthew Szulik said. Shares of Red Hat rose 95 cents to $25, and Microsoft shares fell 2 cents to $26.33, both on Nasdaq.
BUSINESS
August 15, 2000
Red Hat Inc. agreed to buy closely held C2Net Software Inc. for about $40 million in stock. Oakland-based C2Net's main product is Stronghold, a secure Web server.
BUSINESS
January 6, 2000
Red Hat Inc., the top distributor of the Linux software operating system, said it will buy Hell's Kitchen Systems, a maker of software for electronic commerce payment processing, for about $97 million in stock. Red Hat said it would issue 398,335 shares to acquire the outstanding shares of privately held Hell's Kitchen of Pittsburgh.
BUSINESS
March 28, 2000
Red Hat Inc., a developer of the free Linux computer operating system that competes with Microsoft's Windows, said its fiscal fourth-quarter loss widened as expenses doubled. The loss was $24.6 million, or 17 cents a share, compared with a loss of $1.2 million, or 3 cents, in the year-ago quarter.
BUSINESS
November 16, 1999 | Bloomberg News
Red Hat Inc., a leading distributor of the Linux operating system, agreed to buy closely held Cygnus Solutions for about $674 million in stock to increase the use of its software in other products. Red Hat would issue as many as 6.62 million shares for Sunnyvale, Calif.-based Cygnus, which makes software used to create applications that run on the Linux operating system. Durham, N.C.-based Red Hat rose $3.56 to close at $105.38 on the New York Stock Exchange.
BUSINESS
May 5, 2004 | From Bloomberg News
Red Hat Inc., the world's biggest distributor of the free Linux computer operating system, will introduce a version for desktop personal computers to compete with Microsoft Corp.'s dominant Windows. Red Hat wants to capitalize on rising corporate spending on PCs and Microsoft's plan for a new version of Windows, which runs about 93% of PCs, Red Hat Chief Executive Matthew Szulik said. Shares of Red Hat rose 95 cents to $25, and Microsoft shares fell 2 cents to $26.33, both on Nasdaq.
BUSINESS
August 5, 2003 | From Associated Press
Leading Linux distributor Red Hat Inc. sued SCO Group Inc., calling accusations of copyright infringement against the open-source operating system "unfair and deceptive actions." The lawsuit, filed in Delaware federal court, seeks a declaration that Red Hat is not violating SCO's intellectual property and an injunction that would bar SCO from making untrue claims that harm the Linux business. SCO, which owns key parts of the Unix operating system, claims its code has seeped into Linux.
BUSINESS
September 19, 2003 | From Bloomberg News
Red Hat Inc., the world's biggest distributor of the free Linux computer-operating system, reported a second-quarter profit as sales to companies and governments more than doubled. Net income was $3.3 million, or 2 cents a share, for the period ended Aug. 31, contrasted with a net loss of $1.95 million, or 1 cent, a year earlier. Sales climbed 36% to $28.8 million, the Raleigh, N.C.-based company said.
BUSINESS
August 5, 2003 | From Associated Press
Leading Linux distributor Red Hat Inc. sued SCO Group Inc., calling accusations of copyright infringement against the open-source operating system "unfair and deceptive actions." The lawsuit, filed in Delaware federal court, seeks a declaration that Red Hat is not violating SCO's intellectual property and an injunction that would bar SCO from making untrue claims that harm the Linux business. SCO, which owns key parts of the Unix operating system, claims its code has seeped into Linux.
BUSINESS
March 23, 2001
Other earnings, excluding one-time gains or charges unless noted, include: * ConAgra Foods Inc.'s fiscal third-quarter earnings fell 31% to $98.5 million, or 19 cents a share, reflecting higher energy costs and a slowing farm economy. The results matched analyst forecasts that had been revised down from 44 cents after ConAgra issued a profit warning last month.
BUSINESS
August 15, 2000 | From Bloomberg News
IBM Corp. said Monday that it will begin selling computers bundled with software from Red Hat Inc., and joined with Sun Microsystems and other computer makers to back a foundation for creating programs for the Linux operating system. IBM said it will offer packages that include Red Hat software based on the open Linux operating system with IBM's database, e-mail and group collaboration software.
BUSINESS
August 15, 2000
Red Hat Inc. agreed to buy closely held C2Net Software Inc. for about $40 million in stock. Oakland-based C2Net's main product is Stronghold, a secure Web server.
BUSINESS
June 16, 2000 | Bloomberg News
Red Hat Inc. reported a lower-than-expected quarterly loss, sending its shares soaring in after-hours trading. Red Hat said its fiscal first-quarter loss narrowed to $2.5 million, or 2 cents a share, from $3.8 million, or 8 cents, a year ago. Analysts expected a loss of 4 cents. Shares in the Research Triangle Park, N.C.-based company climbed to $24.39 on the Instinet electronic brokerage system, after closing at $23.38, up 88 cents, on Nasdaq.
BUSINESS
July 14, 2004 | From Bloomberg News
Red Hat Inc., the world's biggest distributor of the free Linux computer operating system, will restate three years of sales and profit to correct accounting for subscription revenue. Its shares fell 23%, their biggest one-day drop. The Securities and Exchange Commission is questioning Red Hat, which is fixing the bookkeeping at the behest of its auditor, PricewaterhouseCoopers, Raleigh, N.C.-based Red Hat said.
BUSINESS
September 19, 2003 | From Bloomberg News
Red Hat Inc., the world's biggest distributor of the free Linux computer-operating system, reported a second-quarter profit as sales to companies and governments more than doubled. Net income was $3.3 million, or 2 cents a share, for the period ended Aug. 31, contrasted with a net loss of $1.95 million, or 1 cent, a year earlier. Sales climbed 36% to $28.8 million, the Raleigh, N.C.-based company said.
BUSINESS
March 28, 2000
Red Hat Inc., a developer of the free Linux computer operating system that competes with Microsoft's Windows, said its fiscal fourth-quarter loss widened as expenses doubled. The loss was $24.6 million, or 17 cents a share, compared with a loss of $1.2 million, or 3 cents, in the year-ago quarter.
BUSINESS
January 27, 2000 | Reuters
Computer Associates International Inc., the No. 3 U.S. software supplier, and Red Hat Inc., a distributor of Linux software, said they entered a sales and distribution pact that gives Linux more credibility in business software management. Under the agreement, Red Hat will distribute CA's business management software with its Red Hat Linux Enterprise Edition series. In turn, CA's sales force will sell Red Hat's business support agreements to its Unicenter TNG clients.
Los Angeles Times Articles
|