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[News] Red Hat a Role Model in Free Software Profit

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Red Hat CEO Kills Open Source Financial Myth

,----[ Quote ]
| Sometimes The VAR Guy is a little slow. Red Hat has achieved two important 
| company milestones, according to CEO Jim Whitehurst (pictured), that The VAR 
| Guy nearly overlooked. It took some time for our resident blogger to realize 
| the significance of Whitehurst’s statement. Take a look for yourself.   



State of the Union at Red Hat

,----[ Quote ]
| I wanted to take a quick moment to provide a brief “State of the Union” for
| Red Hat. I’ve been on the job at Red Hat since December 2007, and have had
| the opportunity to meet hundreds of Red Hat customers, partners, associates
| and industry leaders. In keeping with the U.S. presidential State of the
| Union address, I’d like to touch on plans for the upcoming year while also
| reflecting back to share a few observations from the past 13+ months.
| Red Hat’s accomplishments help us better serve our customers and reflect the
| tremendous work of our associates. In addition, significant events in the
| external environment helped shape our business environment and influence our
| work and lives. Here are some highlights:


Red Hat climbs after Jefferies upgrade

,----[ Quote ]
| 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."



NYSE Euronext banks on Red Hat

,----[ Quote ]
| If anyone out there persists in believing that Linux isn't ready for serious
| prime time, NYSE Euronext's dependence on Red Hat should finally lay that
| silly notion to rest. As announced, the New York Stock Exchange Euronext
| dumped its proprietary UNIX heritage (AIX, HP UX, Solaris) for the freedom,
| flexibility, and performance of Linux.

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