SAN FRANCISCO (Fortune) -- Remember about five or six years ago when the open source software movement was going to beat the stuffing out of software giants like Microsoft, Oracle and Sun? That hasn't exactly happened. Only one company, Red Hat took the open source approach: H
undreds (if not thousands) of volunteers work on a piece of software -- in this case the Linux operating system for the corporate world -- develop it in a money-generating subscription package, and turn it into a large enough business to go public. Fair or not, Red Hat is the best proxy for how open source software has been received during this economic downturn, and guess what? It's doing pretty well. Red Hat (RHT) shares were battered brutally during last year's market slide, falling from around $22 last August to $7.50 when the market tanked in November. That kind of free-fall happens easily when you are company that size -- about a $4 billion market cap, with shares concentrated in a handful of investors. From today's vantage point, however it looks like the market overreacted.
For further details visit as : http://money.cnn.com/2009/08/20/technology/redhat_stock_open_source.fortune/
undreds (if not thousands) of volunteers work on a piece of software -- in this case the Linux operating system for the corporate world -- develop it in a money-generating subscription package, and turn it into a large enough business to go public. Fair or not, Red Hat is the best proxy for how open source software has been received during this economic downturn, and guess what? It's doing pretty well. Red Hat (RHT) shares were battered brutally during last year's market slide, falling from around $22 last August to $7.50 when the market tanked in November. That kind of free-fall happens easily when you are company that size -- about a $4 billion market cap, with shares concentrated in a handful of investors. From today's vantage point, however it looks like the market overreacted.For further details visit as : http://money.cnn.com/2009/08/20/technology/redhat_stock_open_source.fortune/
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