● 02.06.07

●● Red Hat’s Stock Not Affected by Novell’s Blunder

Posted in Finance, GNU/Linux, Novell, Red Hat, Servers at 2:38 pm by Dr. Roy Schestowitz

When the Novell/Microsoft deal was struck, Red Hat’s stock was struck as well. And yet, it turns out that this momentary decline was a temporary one whilst there’s no apparent long-term volatility. Not even Oracle’s elbow could destroy the prospects of Red Hat, according to one analyst.

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Stimson considers the competition from Oracle and Microsoft/Novell “a nonevent so far” as he’s seen little evidence that Oracle is winning support business away from Red Hat.

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Dana of ZDNet concurs. He even shares some interesting figures.

Oracle — Down 3.56%Microsoft — Up 2.7%Novell — Up 8.13%RedHat — Up 36.82%

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Red Hat’s last financial report was no exception.

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“Open-source is not going away and Red Hat is the leader,” Chowdhry said in a telephone interview. “Oracle is a nonevent when it comes to open source.”

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Perhaps Linux companies are as robust as the platform and software which they sell. It is worth mentioning, however, that Red Hat has a series of ongoing buybacks, just like Microsoft.

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