openAdmin
07-24-2009, 05:50 AM
Red Hat (RHT), the largest provider of Linux distribution vendor, that recently bagged a spot in S & P 500 was downgraded today by Jefferies & Co from Buy to Hold. Still Red Hat is performing much better than most high tech vendors in this economic downturn.
In fact Red Hat CEO James Whitehurst told CNBC.com in April, "Linux distributorRed Hat is seeing increased demand for its products even as the recession forces many companies to slash their IT budgets. We have frankly performed really well through the downturn," he said "We’ve continued to accelerate our revenue growth. We’ve expanded our operating margin. Things are really good around open source."
In fact Red Hat CEO James Whitehurst told CNBC.com in April, "Linux distributorRed Hat is seeing increased demand for its products even as the recession forces many companies to slash their IT budgets. We have frankly performed really well through the downturn," he said "We’ve continued to accelerate our revenue growth. We’ve expanded our operating margin. Things are really good around open source."