__/ [ Larry Qualig ] on Thursday 29 June 2006 21:31 \__
> John Bailo wrote:
>> Revenue Rises at Red Hat
>>
>> By Bill Snyder
>> TheStreet.com Senior Writer
>>
>>
http://www.thestreet.com/_yahoo/tech/software/10294243.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA
>>
>> Strong sales of its Linux software helped Red Hat (RHAT:Nasdaq -
>> commentary - research - Cramer's Take) boost first-quarter revenue by 38%.
>>
>> Total revenue for the May quarter was $84 million, while subscription
>> revenue increased by 45% compared to the same quarter last year.
>
>
> I thought that RedHat (RHAT) had a very nice quarter but apparently
> investors thought otherwise. Today the market was up over 217 points
> with the Nasdaq up 62. My "watch list" on eTrade has some 30+ stocks on
> it. The only one in the red on that entire list was RHAT... down 6.5%.
>
> Turns out that bad-news for RHAT was good-news for NOVL (up 3.1%).
> People seem to think that weakness in RHAT's business will turn out to
> be new business for Novell.
JBoss is the culprit.
,----[ Quote ]
| But the company also said that it will need to add more infrastructure
| to support JBoss, purchased for $350 million (plus an additional
| payment linked to future performance) in April.
`----
http://www.thestreet.com/_yahoo/tech/software/10294484.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA
Think about Adobe's recent sharp decline, which was attributed to the
Macromedia takeover.
Best wishes,
Roy
--
Roy S. Schestowitz | England - 1 Ecuador - 0
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