by Eric Savitz, Blogger and Columnist, Barron's, Tech Trader Daily
Yesterday’s rumors about a potential acquisition by Oracle of Red Hat have apparently faded, but Larry Ellison’s appetite for doing deals is never sated. Whether or not Oracle decides to take a run at Red Hat, it is not going out on a limb to suggest that at some point Ellison is going to get the itch and make more acquisitions.
by Eric Savitz, Blogger and Columnist, Barron's, Tech Trader Daily
Red Hat (RHT) shares are trading lower in an otherwise upbeat session for tech stocks, after the company last night provided lower-than-expected guidance for its fiscal third quarter ending November.
by Eric Savitz, Columnist and Blogger, Barron's, Tech Trader Daily
Competition is intensifying in the virtualization sector.
Red Hat (RHT) this morning announced an agreement to acquire Qumranet, an Israeli company that provides a virtualization software platform, for $107 million in cash.
After almost a decade of leading Red Hat, I have decided to transition my CEO and president role for the personal reasons I have already discussed. It’s my privilege to continue serving this great company in the role of chairman of the board. Red Hat will be in the capable hands of a world-class executive team under the leadership of Jim Whitehurst as president and CEO.
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