News on RHAT today...Also the CEO will be in the Market Wrap today at 4:50PM...This baby will fly today IMHO.
Tuesday September 7, 8:34 am Eastern Time
Company Press Release
Red Hat Announces New, Expanded Operations in Japan
Open Source Leader Further Expands Sales, Marketing and Technical Support for
Linux in Japan; Seasoned Industry Executive Masanobu Hirano to Head Red Hat Japan
DURHAM, N.C.--(BUSINESS WIRE)--Sept. 7, 1999-- Red Hat©, Inc. (NASDAQ:RHAT - news), a leading developer and provider of
Linux-based operating system solutions, today announced Red Hat Japan. The new Japanese operation will deliver the company's
award-winning Red Hat Linux software and services directly to the Japanese marketplace. Red Hat Japan will feature a new, expanded
headquarters and staff, and a new leader for Red Hat's operations in Japan.
Red Hat has named software industry veteran Masanobu Hirano as president of Red Hat Japan. Prior to Red Hat, Mr. Hirano was
president of Hyperion Japan, a subsidiary of Hyperion Solutions, one of the country's most successful online analytical processing
(OLAP) solution vendors. He also served as vice president and was a board member of ASCII Corporation, one of Japan's pioneering
computer software companies.
``Japan has always been an important market for Red Hat Linux and open source software. With the opening of Red Hat Japan, we can
better serve our Pacific Rim customers and the rest of the fast-growing Japanese open source software market,' said Bob Young, CEO
of Red Hat, Inc. ``As we further strengthen our ability to sell and support Red Hat Linux in Japan and the Pacific Rim, we are very
excited to have a seasoned industry executive like Masanobu Hirano leading our Japanese operations.'
``The demand for complete open source solutions such as Linux is on the rise in Japan, and now Red Hat Linux is there to meet this
demand,' said Masanobu Hirano, president, Red Hat Japan. ``Red Hat offers the most comprehensive solution available on the market
today, and I am excited to join a recognized leader dedicated to Linux and the open source movement.'
About Red Hat, Inc.
Founded in 1994, Red Hat (NASDAQ:RHAT - news) is the market leader in open source operating system (OS) software and services.
Along with its award-winning open source Red Hat Linux OS, Red Hat offers a full line of services, including telephone support, on-site
consulting, developer training, certification programs and priority access updates, making Red Hat a leading and complete resource for
knowledgeable, innovative, mission-critical open source solutions.
Red Hat shares all of its software innovations freely with the open source community under the GNU General Public License (GPL).
The Official Red Hat Linux OS and related services are available directly from the company and through its partner, distributor and
reseller programs, which include top PC and server manufacturers such as Compaq, Dell, Gateway, IBM, Hewlett-Packard and Silicon
Graphics.
Red Hat and the Official Red Hat Linux OS have received industry praise. Recent accolades include: Red Herring's Top 100 Companies
of the Electronic Economy, Upside's Hot 100 Companies, Network World's 10 Companies to Watch, Federal Computer Week's
Government Best Buy, Software Development's Jolt Award and InfoWorld's Product of the Year for three years in a row. Red Hat was
also voted a ``LinuxWorld Favorite' by the attendees of the two most recent LinuxWorld Expos, winning Best Server Distribution at the
August show.
Red Hat is based in Durham, N.C. and has offices worldwide. Visit Red Hat on the Web at www.redhat.com.
LINUX is a trademark of Linus Torvalds. RED HAT is a registered trademark of Red Hat, Inc. All other names and trademarks are the
property of their respective owners.
FORWARD-LOOKING STATEMENTS
Forward-looking statements in this press release are made pursuant to the safe harbor provisions of Section 21E of the Securities
Exchange Act of 1934. Investors are cautioned that statements in this press release that are not strictly historical statements, including,
without limitation, statements regarding current or future financial performance, management's plans and objectives for future operations,
product plans and performance, management's assessment of market factors, and statements regarding the strategy and plans of Red Hat
and its strategic partners, constitute forward-looking statements which involve risks and uncertainties. These risks and uncertainties
include, without limitation, risks associated with Red Hat's dependence upon an open source business model, reliance upon independent
third-party Linux developers, management of growth, reliance upon strategic relationships, expansion of Red Hat's business focus and
operations, the possibility of undetected software errors, the enforceability of the GNU General Public License and other licenses under
which Red Hat's products are developed and licensed, the scarcity of Linux-based applications, the risks of economic downturns
generally, and in Red Hat's industry specifically, the risks associated with competition and competitive pricing pressures, the viability of
the Internet, year 2000 compliance efforts of Red Hat and of third parties on which Red Hat depends, and other risks detailed in Red
Hat's filings with the Securities and Exchange Commission, copies of which may be accessed through the SEC's web site at
sec.gov.
Contact:
Schwartz Communications for Red Hat
Bryan Scanlon or Dan Ring, (781) 684-0770
redhat@schwartz-pr.com
or
Red Hat, Inc.
Melissa London, (919) 547-0012
melissa@redhat.com
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