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To: Manfred who wrote (102256)	6/14/2000 11:38:00 AM
From: puborectalis	Read Replies (1) \| Respond to of 120523

LINUX news........Red Hat Acquires Embedded-Linux Developer WireSpeed RED HAT INC RHAT 21.06 -0.75 -3.44% DJIA 10684.06 62.22 Nasdaq 3842.49 -8.57 Rus. 2000 515.94 2.19 6/14/2000 11:36AM ET RESEARCH TRIANGLE PARK, N.C. -(Dow Jones)- Seeking an edge in the embedded-Linux market, software developer Red Hat Inc. signed a definitive agreement to buy privately held WireSpeed Communications Corp. for about 1.53 million common shares. WireSpeed, based in Huntsville, Ala., provides communications software for embedded Linux systems. Red Hat said WireSpeed will play a key role in connecting handheld and notebook-style information appliances to the Internet and to private networks. The two parties agreed to value the transaction according to the average closing price of Red Hat's (RHAT) common shares for the five days ending Thursday. Red Hat shares closed Tuesday at $21.813, down 68.8 cents, or 3.1%. Average daily volume is 2.7 million shares. Based on Tuesday's closing price, the deal for WireSpeed has an indicated value of $33.4 million. Red Hat said it may issue additional shares based upon WireSpeed's future performance. Red Hat is one of the leading companies in the Linux open-source software movement, which is seen as an alternative to Microsoft Corp.'s (MSFT) dominant Windows operating system. The market for embedded Linux is particularly hot because Microsoft hasn't been able to gain the sort of foothold there that it has in the PC market with Windows.