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Red Hat Software Inc

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BUSINESS
September 30, 1998 | Bloomberg News
Intel Corp. and Netscape Communications Corp. have taken stakes in closely held Red Hat Software Inc. to promote the company's software. Financial terms of the agreement weren't disclosed. Research Triangle Park, N.C.-based Red Hat sells software products and services related to Linux, a free operating system available on the Internet that competes against Microsoft Corp.'s Windows. The investment by Intel, the world's largest manufacturer of microprocessors, and Netscape, the No.
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BUSINESS
October 27, 2006 | From Bloomberg News
Shares of Red Hat Inc., the world's biggest distributor of Linux computer software, took their largest fall in seven years after Oracle Corp. said it would begin offering competing services at a lower price. The stock tumbled 24%, the biggest drop since the company went public in August 1999, on concerns that Oracle's decision to undercut Red Hat prices on support services for the Linux operating system would slice into sales and profit.
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BUSINESS
May 31, 1999 | LESLIE HELM, TIMES STAFF WRITER
Surveying the company's brand-new office where rows of computers stand ready for a new crop of employees and a work crew outside plants bushes in the sultry North Carolina sun, Red Hat Software Inc. Chief Executive Bob Young has a frightening thought: How can he pay for all this by selling free software? The thought doesn't linger long.
BUSINESS
May 11, 2005
The investment firm that manages the private fortune of Dell Inc. founder Michael Dell invested $99.5 million in Red Hat Inc., the world's largest distributor of the Linux computer operating system, according to regulatory filings.
BUSINESS
April 26, 1999 | LESLIE HELM
Linux, the software favored by geeks around the world for handling the basic functions of the PC, is getting important upgrades designed to help broaden its reach to run individual desktop computers as well as computer "servers" that run networks. Durham, N.C.-based Red Hat Software is focusing on the corporate server market with a new Linux product to be announced today. Red Hat Linux version 6.
BUSINESS
December 8, 1999 | Bloomberg News
Linux fever shows no sign of subsiding. The expected price range for this week's IPO of Sunnyvale, Calif.-based VA Linux Systems Inc. (LNUX) was increased to $21 to $23 a share, from the original $11 to $13, by lead underwriter Credit Suisse First Boston. VA Linux plans to sell 4.4 million shares. And shares of Durham, N.C.-based Red Hat Inc. (RHAT), which sells a commercial version of Linux, surged 22% on Tuesday after it expanded a distribution agreement with Dell Computer Corp.
BUSINESS
November 30, 1999 | From Reuters
Shares of Red Hat Inc., the largest distributor of the upstart Linux operating system, surged again by 11% Monday amid talk that the company is poised to make more acquisitions, as it seeks to become a competitive threat to Microsoft Corp. . Since last Tuesday, shares of the Research Triangle Park, N.C.-based company have soared 95%. Red Hat was the first company in the Linux area to go public, in a successful public offering in August. On Monday, its shares climbed $23.13 to $236.
BUSINESS
June 20, 2001 | Reuters
Red Hat Inc., the leading distributor of the Linux operating system--an alternative to Windows--reported earnings of $600,000, the first time the company has reported a profit. For the quarter ended May 31, Red Hat said that adjusting for one-time items, it earned $600,000, or break-even per share, compared with a loss of $3.7 million, or 2 cents a share, a year earlier.
BUSINESS
May 11, 2005
The investment firm that manages the private fortune of Dell Inc. founder Michael Dell invested $99.5 million in Red Hat Inc., the world's largest distributor of the Linux computer operating system, according to regulatory filings.
BUSINESS
March 26, 2002 | JUBE SHIVER Jr., TIMES STAFF WRITER
The alternative PC operating system Linux has struggled in the marketplace not because of bullying from Microsoft Corp. but because of haphazard development by Linux backers, lawyers for Microsoft said Monday. Under questioning from Microsoft trial attorney Stephanie Wheeler, Michael Tiemann, chief technology officer of Linux distributor Red Hat Inc., acknowledged in U.S. District Court that his company had spent less money than rivals on research and development.
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
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
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
September 17, 2002 | Associated Press
Red Hat Inc. has formed a partnership with computer giant IBM Corp. under which the Linux company will strike up a cozier relationship with Big Blue's hardware, services and software divisions, the companies said. Under the alliance, Red Hat's new and more expensive software, called Red Hat Advanced Server, will be sold by IBM's consulting division and run across four lines of IBM servers and mainframes. In trading on Nasdaq, shares of Red Hat were at $5.84, up 59 cents, or 11%.
BUSINESS
March 26, 2002 | JUBE SHIVER Jr., TIMES STAFF WRITER
The alternative PC operating system Linux has struggled in the marketplace not because of bullying from Microsoft Corp. but because of haphazard development by Linux backers, lawyers for Microsoft said Monday. Under questioning from Microsoft trial attorney Stephanie Wheeler, Michael Tiemann, chief technology officer of Linux distributor Red Hat Inc., acknowledged in U.S. District Court that his company had spent less money than rivals on research and development.
BUSINESS
January 19, 2002 | ALEC KLEIN, WASHINGTON POST
AOL Time Warner Inc. is in talks to buy Red Hat Inc., a prominent distributor of the Linux computer operating system, according to sources familiar with the matter. The negotiations--which are still fluid--are the latest indication that AOL Time Warner, the world's largest media company, is looking for alternatives to software made by Microsoft Corp., whose Windows operating system runs 90% of the world's PCs.
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
January 19, 2002 | ALEC KLEIN, WASHINGTON POST
AOL Time Warner Inc. is in talks to buy Red Hat Inc., a prominent distributor of the Linux computer operating system, according to sources familiar with the matter. The negotiations--which are still fluid--are the latest indication that AOL Time Warner, the world's largest media company, is looking for alternatives to software made by Microsoft Corp., whose Windows operating system runs 90% of the world's PCs.
BUSINESS
June 20, 2001 | Reuters
Red Hat Inc., the leading distributor of the Linux operating system--an alternative to Windows--reported earnings of $600,000, the first time the company has reported a profit. For the quarter ended May 31, Red Hat said that adjusting for one-time items, it earned $600,000, or break-even per share, compared with a loss of $3.7 million, or 2 cents a share, a year earlier.
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