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Microcap & Penny Stocks : Patriot Scientific - PTSC -- Ignore unavailable to you. Want to Upgrade?

To: Savant who wrote (7464)	7/25/2000 2:55:45 PM
From: Starlight	Read Replies (2) \| Respond to of 8581

Here's the letter: ptsc.com

To: Savant who wrote (7464)	7/31/2000 8:18:49 AM
From: riposte	Read Replies (1) \| Respond to of 8581

PTSC & LINUX.... Wasn't Patriot supposed to be entering the LINUX arena? Here's an intersting article from cbs.marketwatch.com, on Red Hat buying up WireSpeed. Hope everything's holding together okay in these "interesting" times. Steve URL: cbs.marketwatch.com By Mike Tarsala, CBS.MarketWatch.com Last Update: 1:36 PM ET Jul 29, 2000 Linux software maker Red Hat on Friday completed its acquisition of privately held WireSpeed Communications Corp. A maker of network components for embedded software, WireSpeed is expected to help build Red Hat's (RHAT: news, msgs) embedded systems business. Red Hat wants to get its software on more portable electronics, including cell phones, pagers, and personal digital assistants. The transaction was valued at $30.5 million based on an average closing price of Red Hat's common shares for a five-day period ended June 15. Red Hat issued 1.5 million shares of its common stock in exchange for all of the outstanding securities of Huntsville, Ala.-based WireSpeed. The acquisition has been accounted for as a purchase. Red Hat is banking on portable electronics for future business. According to market research company International Data Corp., there will be more than 55 million information appliances in the market by 2002. And by 2005, shipments of these appliances will exceed shipments of PCs. "In working closely with companies such as Hitachi and Fujitsu to develop next-generation computing devices, we are finding that there is a rapidly increasing demand for embedded systems software," said Matthew Szulik, Red Hat's chief executive, in a statement. According to preliminary IDC data, Linux makes up 24.6 percent of the server operating system market, up from 15.8 percent in 1998. The same research suggests Red Hat holds a 50.2 percent stake of the Linux market share. Red Hat shares lost 3/4 points, or 4 percent, to 18 3/16 in Nasdaq trading Friday.