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Technology Stocks : Red Hat Software Inc. (Nasdq-RHAT)

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To: HubTech who wrote (135)	7/19/1999 11:05:00 PM
From: Mohan Marette	of 1794

Red Hat to add news to Linux site By Stephen Shankland Staff Writer, CNET News.com July 19, 1999, 5:45 p.m. PT Red Hat plans to create a full-fledged Linux news service as part of its effort to increase market appeal and potential profitability. Judging by the Linux seller's job openings and filings with the Securities and Exchange Commission, the company intends to set up a news site based in San Francisco, complete with an editor-in-chief and a staff of journalists writing news, features, tutorials, and other original content. The portal effort would compete with other prominent Linux-related Web sites such as Slashdot and VA Linux Systems's Linux.com site. Red Hat declined to comment on any news site plans, because the company is in a "quiet period" prior to its initial public offering. The transformation of Red Hat from the dominant seller of the "open-source" Linux operating system into a software developer/media company would be a key part of its effort to expand its sources of revenue. With the site, Red Hat would be able to seek advertising and sponsorship deals..... news.com

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