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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: Joey Smith who wrote (65637)	9/29/1998 3:37:00 PM
From: Paul Engel	Respond to of 186894

Joey and Intel Investors - Official Red Hat Linux announcement of Intel and Netscape Investment It's now official - here's the C\|NET story describing Intel's Red Hat Linux investment. Paul {=================================} news.com Intel, Netscape back Red Hat By Tom Dunlap and Michael Kanellos Staff Writers, CNET News.com September 29, 1998, 12:05 p.m. PT update Red Hat Software, distributor of a version of Linux, announced today that Intel, Netscape, and two venture capital firms will take equity stakes in the company. "As the growing number of users demonstrates, the Linux operating system is ready for enterprise-wide applications," Red Hat president Robert F. Young said in a statement. "Today's announcement reaffirms Netscape's commitment to Linux as a strategic enterprise-ready platform," said John Paul, senior vice president of the Server Products Division at Netscape, in a statment. Venture capital firms Greylock and Benchmark Partners have also taken minority equity positions in the company. The deals were announced today at ISPCON in San Jose, California. Financial terms were not disclosed. Support from two significant computing companies will clearly give greater market presence to Red Hat. At the same time, Netscape and Intel will be able to strengthen their ties with Web developers and small- and medium-sized companies. These developers form the core of the Linux believers and their numbers are growing. The deal likely represents a shift in Intel's relationship with Microsoft, as well as its software investment strategy. Linux, a Unix-like operating system, has been gaining ground with users and is increasingly seen as a competitor to Windows NT. The investment will also slightly change how Intel has worked with operating system software companies. Generally, Intel provides these companies technical and marketing support. Intel, for instance, provides marketing support to Be Incorporated, maker of the Be OS. So far, the company has not invested directly in operating system vendor companies, according to an Intel spokesman. Most of its equity investments in software companies have been in application or content vendors. Linux was initially released in 1991 when creator Linus Torvalds was a student at the University of Helsinki. It has since grown into a Net-based software phenomenon, with millions of users counted as converts and countless software additions submitted to various ad hoc Linux Web sites for use. Intel is an investor in CNET: The Computer Network, publisher of News.com. Tech Talk...