Hi kat! Hey Glenn here's your chance to get into Linux before you use it on that server!
Red Hat to change caps
Linux developer announces IPO
By August Cole, CBS MarketWatch
Last Update: 8:44 AM ET Jun 7, 1999 Software Report
DURHAM, N.C. (CBS.MW) -- Looking to crash Microsoft's party, Linux software distributor Red Hat is doffing its privately-held cap with a $96.6 million initial public offering for an undisclosed number of shares.
The company, which develops and sells computer operating systems based on the Linux operating system with customer support service, said it filed with the Securities Exchange Commission Friday. See the press release.
Linux is an open-source free operating system based on a programming language developed by Linus Torvalds, a Finnish citizen, in the early 1990s.
It's considered a viable alternative to proprietary server software from established firms like IBM (IBM: news, msgs), Microsoft (MSFT: news, msgs), Sun (SUNW: news, msgs) and Hewlett Packard (HWP: news, msgs).
Momentum is building behind broader use of the free software.
IBM announced May 25 it would supply Linux operating system software with its database software for servers. As well, a recent developer's conference in San Jose, Calif. highlighted the computer industry's interest in Linux. See related story.
According to International Data Corporation, an industry research firm, the Linux server market grew by 212 percent in 1998 with more than 500,000 copies shipped.
Currently, IBM, Intel, Netscape (AOL: news, msgs), and Oracle (ORCL: news, msgs) own stakes in Red Hat.
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