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[News] Red Hat Foresees Big Profits

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Red Hat foresees $1 billion in 2012

,----[ Quote ]
| Already one of the Triangle's most 
| successful technology companies, Red Hat 
| soon could reach a big milestone. CEO Jim 
| Whitehurst said during a meeting in London 
| on Thursday that he expects $1 billion of 
| revenue in 2012.


Bullish Average Crossover for Red Hat Inc. (RHT)

,----[ Quote ]
| The stock price of Red Hat Inc. crossed 
| above the 50-day moving average on lighter 
| than usual volume. The crossing of the 
| stock price above the 50-day moving 
| average may signal the beginning of a 
| noteworthy bullish trend. Traders use 
| moving averages to identify changes in 
| trend, those who can make those trends 
| work in their favor will increase the 
| number of winning trades. 


Red Hat to Webcast Results for First Quarter Fiscal Year 2011

,----[ Quote ]
| Red Hat Inc., the world's leading provider of 
| open source solutions, will discuss results 
| of its first quarter fiscal 2011 on Tuesday, 
| June 22, 2010, beginning at 5:00 p.m. ET.



Open source, free software and Linux â How does Red Hat make money?

,----[ Quote ]
| Red Hat is the leading software company using
| the open source model. Weâre a member of the
| S&P 500 and one of the fastest growing, most
| profitable public software companies. Weâre
| best known for the Linux operating system
| where we have 80+% share of paid Linux. But we
| also have a full suite of enterprise
| infrastructure software and basically open
| source software is a development model where
| source code is open and freely redistributable.

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