Red Hat's Stock Not Affected by Novell's Blunder
- Dr. Roy Schestowitz
- 2007-02-06 19:38:52 UTC
- Modified: 2007-02-06 19:38:52 UTC
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.
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.
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%
Red Hat's last financial report was
no exception.
"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."
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.