Red Hat shares jumped about 25% after they reported a quarterly profit and outlook that topped Wall Street forecasts. After the close, the stock is still going up in after-hours trading. Kudos to Red Hat whose stock had been hammered after Oracle announced that they were going to redistribute Red Hat’s Linux under the name Oracle Unbreakable Linux and include complete support for cheaper than Red Hat at Oracle World. Here is Red Hat’s stock chart over the last 3 months.
Published by Vinny
I am a total Java geek that lives in Brookfield - WI (Milwaukee), making my living as an architect/developer, spending all my time with Java, J2EE, OO, Linux, and open source. In my spare time, when I am not in front of my computers, I spend every other minute with my other loves: My wife and daughter, books, music, guitars, Formula-1 racing and SCI-FI shows like StarGate and others. At work, I spend most of my time dealing with architectural and security issues with plenty of work and personal play-time going into discovering the latest tool, framework, etc that will allow us to work faster, smarter and deliver better results. A lot of my time is also spent fire-fighting issues and coming up with solutions to interesting problems. :) View all posts by Vinny