openAdmin
07-21-2009, 06:59 AM
Standard and Poor’s (http://www.standardandpoors.com/)announced that Red Hat (http://www.redhat.com/), the largest provider of Linux , would join the S&P 500 . Red Hat would be the only open source vendor on the list and would replace lender CIT Group (http://www.cit.com/index.htm), which had a market capitalization below $275 million, ranking it 500th in the index. Red Hat shares closed Monday up $1.72 at $22.32. CIT shares closed up 55 cents at $1.25. The substitution goes into effect July 24 after the market closes.