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Sunday November 22, 2009 4:00 AM AEST
Skip Navigation LinksPC Authority > News > Red Hat share price trumps Microsoft's
Red Hat share price trumps Microsoft's
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Red Hat share price trumps Microsoft's

by V3.co.uk staff  on Oct 22, 2009
Tags: linux
"Lol, It also seemed like more of an achievement after the scotch & dry... :P"
 
While Microsoft basks in Windows 7 glory, Linux vendor Red Hat hit a milestone yesterday when its share price rose above Microsoft's.

Red Hat has experienced more than 600 per cent growth since 2001, while Microsoft has experienced negative growth in its share price during the same period. Red Hat stock has risen from a mere $3 per share in 2001, to over $28 per share today.

Analysts say that, while Red Hat's share price has been higher than today, what is important is that it is actually worth the figure. The company's profits come from server support subscriptions, and it is a stable maker of earnings.

The only thing that could go wrong for Red Hat is if other Linux suppliers come along and offer lower subscription fees.

However, to balance that, Red Hat is making a killing with virtualisation and its Java application server business in Jboss.

Copyright © 2009 v3.co.uk
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Comments: 6
Thoughts on this article? Add a comment below.
apexwm
Oct 28, 2009 2:35 PM
I believe Red Hat is doing well because businesses are looking at Linux as a great alternative in these difficult economic times. This is evident of earnings of Microsoft vs. Red Hat. Personally, I can see why this is the case. I own a small business and we use Red Hat Linux solely, no Windows at all. And, we are still in business because we can keep our software costs to $0.00. This is a HUGE savings, compared to the huge cost of using proprietary software like Windows.




Comment made about the PC Authority article:
Red Hat share price trumps Microsoft's?
While Microsoft basks in Windows 7 glory, Linux vendor Red Hat hit a milestone yesterday when its share price rose above Microsoft's.

What do you think? Join the discussion.
krazikiwi
Oct 28, 2009 5:34 PM
I thought Red Hat wasn't $0.00.
Or are you using fedora?
Slatts
Oct 28, 2009 7:41 PM
Damn krazi, you trumped me.
I was just about to ask the same question...
krazikiwi
Oct 29, 2009 5:25 PM
YAY!!!!
go me!
:)
Slatts
Oct 30, 2009 8:32 PM
krazikiwi wrote:
YAY!!!!
go me!
:)

Yeh well. It seemed wittier after a few beers.:oops:
krazikiwi
Nov 2, 2009 8:20 PM
Lol, It also seemed like more of an achievement after the scotch & dry...
:P
Login or register to submit a comment.
 

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