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Can Open Source Help the Economy?
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| Red Hat began to see the fruits of their labor in late 2002; the company grew
| revenue 14 percent for the year and that growth improved to 38 percent and 58
| percent in 2003 and 2004 respectively. Given the timing of subscription
| revenues and long sales cycles, it is not hard to conclude that during the
| 2001-2002 economic downturn, large corporations made the decision to switch
| to open-source technologies. It also explains why Novell paid $200 million
| for Suse Linux in late 2003, which at the time, was roughly 20 times its
| revenues.
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http://www.pcworld.com/article/155439/open_source_economy.html?tk=rss_news
Recent:
Red Hat CEO looks from Wall Street to 'mainstreet'
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| Red Hat's CEO Jim Whitehurst said at a press shindig in London last week that
| he wants Red Hat to stop focusing solely on Wall Street-type companies and
| make inroads with 'mainstreet' enterprises.
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http://www.businessreviewonline.com/os/archives/2008/12/red_hat_ceo_loo.html
Red Hat climbs after Jefferies upgrade
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| Shares of Red Hat Inc. climbed Thursday after a Jefferies analyst upgraded
| the software distributor, noting its 100 percent recurring revenue stream,
| which puts it in a good position to weather the 2009 "spending storm."
`----
http://money.cnn.com/news/newsfeeds/articles/apwire/32027c01dad71c62a2a1fb902359a3c8.htm
Red Hat bucks the trend
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| At a time when most companies are happy if the balance sheet does not show
| any red ink, Red Hat Linux has bucked the trend. Its stock price leapt 32
| percent last week compared to that a year ago, during a week when technology
| stocks overall fell by 2.6 percent.
|
| According to information available at Channel Insider, the so-called mixed
| source company, Novell, saw its stock price fall by 11 percent, the biggest
| loser of the week.
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http://www.itwire.com/content/view/22172/1090/
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