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Technology Stocks : Red Hat Software Inc. (Nasdq-RHAT) -- Ignore unavailable to you. Want to Upgrade?

To: steve harris who wrote (1544)	1/3/2001 11:00:46 AM
From: Dave Gore	Read Replies (1) \| Respond to of 1794

(BSNS WIRE) Deloitte & Touche Technology Fast 500 Ranks Red Hat One of the Fastest-Growing Technology Companies in North America (not a bad buy here around $6.00, huh?) RESEARCH TRIANGLE PARK, N.C.--(BUSINESS WIRE)--Jan. 3, 2000-- Rapid Growth Driven by Tremendous, Global Demand for Open Source Internet Infrastructure Solutions Red Hat, Inc. (Nasdaq:RHAT), the leader in developing, deploying and managing open source Internet infrastructure solutions, today announced that it ranked Number 193 on the Deloitte & Touche Technology Fast 500, a ranking of the 500 fastest-growing technology companies in North America. Rankings are based on five-year percentage revenue growth from 1995-1999. "Red Hat's exemplary dedication to achieving significant growth over the past five years is evidenced by its placement on the Deloitte & Touche Technology Fast 500, a ranking of the 500 fastest-growing technology firms in North America," said Mark A. Evans, managing director of Deloitte & Touche's Technology & Communications Group. "We salute Red Hat's exceptional accomplishments in today's very competitive technology marketplace." "Demand for open source solutions is expanding globally across our lines of business, enterprise, small and medium sized business, and equipment manufacturers," said Matthew Szulik, CEO of Red Hat. "This award validates Red Hat's success in providing a comprehensive line of Internet infrastructure solutions, ranging from powerful, back-end Web servers to development tools and the software and services behind a new generation of Internet-connected devices." Overall, companies that ranked on the Technology Fast 500 had an average growth rate of 3956 per cent over the past five years. The majority of Fast 500 winners, or 46 percent, are in the software industry. Seventeen percent are in the Internet industry, and nine percent are in the biotechnology industry. The remaining companies are in medical, technical and scientific manufacturing at nine percent, communications at nine percent, computers and peripherals at five percent and semiconductors, components and electronics at two percent, with the remaining three percent in other types of technology. In addition to the Deloitte & Touche Technology Fast 500, Red Hat ranked Number 10 on the North Carolina Fast 50, which is a ranking of the 50 fastest-growing technology firms in North Carolina. Red Hat, Inc. Red Hat (Nasdaq:RHAT) offers users one single, trusted point of contact and a common platform for developing, deploying and managing open source across Internet infrastructure and devices that connect to the Internet, ranging from small embedded devices to high availability clusters and integrated Web server/ecommerce OSes. And the Red Hat Network, Red Hat's unique management technology, helps companies worldwide easily manage it all by delivering open source products, service, support and information on-line in real-time. In addition to the award-winning Red Hat Linux server operating system, Red Hat offers Stronghold Secure Web Server and Credit Card Verification Software for secure e-commerce and is the principal provider of GNU-based developer tools and support solutions for a wide variety of embedded processors. Red Hat also provides run-time solutions such as Linux, eCos, uClinux, the award-winning RedBoot, custom engineering services, support and training to organizations in all embedded and Linux markets. Red Hat is headquartered in Research Triangle Park, N.C. and has offices worldwide. Please visit Red Hat on the Web at www.redhat.com. For investor inquiries, contact Lippert/Heilshorn at (212) 838-3777.