Red Hat to Oracle (and market) – Oh No You Didn’t!

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.

Hopefully Red Hat will send Larry Ellison one of those cool Unfakeable Linux T-shirts 🙂