Red Hat is going through a growth spurt as companies become more comfortable with its software as an alternative to Windows and profits fuel the expansion, executives with the developer of open source software said Tuesday. Profitability expanded even as Red Hat grew to more than 1200 employees.
Red Hat 4Q Profit Soars, Beats Estimates
Submitted by Rahu 2006-03-29 Red Hat 8 Comments
Nice going redhat.
Absolutely. Well done.
When the .com bubble was growing in the late 90s I felt that some of the value of these companies was inflated. Yet at the same time, I also felt that there was something substantial being done. A framework, if you will, that would develop over later decades and centuries.
Those who got in the game early (investors & businesses) stood to gain a lot over the coming decades. So when the .com bubble burst, I felt that these companies were under valued, companies like Red Hat. Not saying I knew who would survive to the present day, though.
It still looks to me like it is part of what needed to happen. There was a grab for virtual real estate, so to speak.
If you remember, in the 80s and early 90s, the media consistently pumped up, or touted, that there was a coming ‘information age’ so to speak. So when the big wave really came (the Internet and all it comes with) people were already sold on the whole idea from years of media-fueled public anticipation.
It was all so new. Almost all investors had little or no clue how these companies worked. Greed got the best of us. We just saw dollar signs and easy pickings. Delusion at its prime.
Wallets opened widely and suckers were taken for a ride by financial ‘backers’ who got discounted pre-IPO shares. They often sold on the same day as the IPO.
Nevertheless, something real was gained in it all. We are more cautious investors. We also have a maturing information age that is no longer teething. Red Hat is one good example of the latter.
Red Hat may be years behind in chronological years but I see no reason why they can’t obtain the same market gains as one of the big tech giants, in the coming years. A general trend is easier to see than the future of any specific company, though.
The better Red Had does, the better Linux will do. They can throw more paid developers at Linux, all the while making Linux a serious contender in the market (and increaseing marketshare). I know there’s going to be a list of people attacking RedHat, but they have to realize that without RedHat and the other corporations, Linux would *not* be where it is today, in spite of the mistakes they’ve made along the way.