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[News] Billionaires Build Business Using Free Software

The rise of the open-source billionaire

,----[ Quote ]
| For Google, the underlying open source is made to be almost incidental 
| (though they and others like PayPal are quick to point out that they could 
| not do what they do without open source). But I suspect we'll see projects 
| like MySQL directly monetize and promote the value of the open source 
| powering their service offerings.    
`----

http://www.cnet.com/8301-13505_1-9925336-16.html

Microsoft's latest and very large acquisition was a FLOSS-based company as well
(how embarrassing for Microsoft). It's one among many of such acquisitions. No
good acquisition targets or successful businesses built on Microsoft
technology...?


Recent:

Economic slowdown could boost open source 

,----[ Quote ]
| The economic slowdown in the US could boost demand for open source technology 
| and services, analyst firm IDC has claimed. 
| 
| A recent survey by the company found that 60pc of American firms polled 
| increased the percentage of their annual IT budget spent on open source 
| technology in 2007.  
`----

http://www.siliconrepublic.com/news/news.nv?storyid=single10802


Wired Asks the Wrong Question about Open Source

,----[ Quote ]
| "Where are all the open source billionaires?" Wired asks in its March issue. 
| Wrong question. The right question is "Who will become billionaires because 
| of open source?"  
`----

http://advice.cio.com/bernard_golden/wired_asks_the_wrong_question_about_open_source


Piwik Offers an Open-Source Web Analytics Package

,----[ Quote ]
| Its plugin-based architecture makes it flexible for all sorts of uses; and it 
| makes the analytic data easily available in a variety of formats: XML, JSON, 
| serialized PHP. The data can also be gotten at in the form of embeddable 
| widgets and iframes.   
`----

http://blog.wired.com/monkeybites/2008/04/piwik-offers-an.html


Piper Jaffray Starts Red Hat (RHT) at Buy

,----[ Quote ]
| Piper Jaffray initiates coverage on Red Hat (NYSE: RHT) with a Buy rating and 
| $26 price target, saying the company should benefit from global adoption of 
| open source technologies.  
`----

http://www.streetinsider.com/New+Coverage/Piper+Jaffray+Starts+Red+Hat+(RHT)+at+Buy/3562655.html


No Recession at Red Hat

,----[ Quote ]
| It is flattering to be mentioned, Mr. Whitehurst said, but he noted that 
| corporate customers and the industry benefit from what he called Red 
| Hat’s “Switzerland status” — not being a province of one of the major powers 
| in the technology industry.   
`----

http://bits.blogs.nytimes.com/2008/03/27/no-recession-at-red-hat/


VC funding for open source hits an all-time high

,----[ Quote ]
| Incidentally, total funding to date stands at $2.64bn.
`----

http://blogs.the451group.com/opensource/2008/04/01/vc-funding-for-open-source-hits-an-all-time-high/


Open-source venture investing hits an all-time high

,----[ Quote ]
| Just when you thought venture interest in open source was quieting down, 
| along comes the biggest quarter in open source's (still young) history: 
| $203.75 million raised, as reported by The 451 Group. This trumped the 
| previous record of $193.6 million from Q4 2006.    
`----

http://www.news.com/8301-10784_3-9907679-7.html?part=rss&tag=feed&subj=NewsBlog


Economic downturn = Financial upturn for GroundWork and open source

,----[ Quote ]
| It's a great time to be in open source. When I see people straining to sell 
| and buy homes, I can smell the recession. But when I go to work selling 
| open-source solutions, I can taste prosperity. A downturn separates the wheat 
| from the chaff. Here's hoping for even more open-source "wheat."   
`----

http://www.cnet.com/8301-13505_1-9900837-16.html?part=rss&tag=feed&subj=TheOpenRoad


Schmidt: Google 'well-positioned' for a recession

,----[ Quote ]
| Google, the world's leading Internet search engine, said Tuesday it can 
| weather any economic downturn because its advertisers are broad-based. 
| 
| Chief Executive Eric Schmidt acknowledged that a shortage of credit in 
| financial markets is a "very serious issue" and that many people are 
| expecting a global economic slowdown.  
| 
| "It's too early to say if there's (already) been any specific impact. But if 
| there were, I don't think it would be much," Schmidt told reporters at a 
| briefing during a visit to Sydney, Australia.   
`----

http://news.zdnet.com/2100-9588_22-6234685.html


Sun: Economic slowdown favors open source

,----[ Quote ]
| Speaking to ZDNetAsia in an exclusive interview, he said the economic 
| slowdown in the United States will favor open source companies. "During an 
| economic slowdown, not everything slows down [and] IT projects will continue 
| to be undertaken. But IT budgets will be reduced," he said, noting that 
| companies will then turn to lower cost software options such as open source.     
`----

http://www.zdnetasia.com/news/software/0,39044164,62038598,00.htm

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