161 lines
7.1 KiB
Plaintext
161 lines
7.1 KiB
Plaintext
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INDUSTRY LEADERS INVEST IN RED HAT
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TO ACCELERATE LINUX SUCCESS
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Compaq, IBM, Novell, and Oracle Take Equity Positions in Leading Linux
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Software Builder to Help Bring Powerful Open Source Operating System to
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Their Customers
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Research Triangle, N.C.-March 9, 1999-Red Hat® Software, Inc., the leading
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builder of the Linux operating system, announced today that it has
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accepted
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offers of equity investments from Compaq, International Business Machines
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(IBM), Novell, and Oracle Corporation. These industry leaders will
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all take minority equity positions in Red Hat. The financial terms were
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not
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disclosed for any of these relationships by Red Hat or its partners.
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The announcement follows months of tremendous momentum for privately-held
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Red Hat, including equity investments from Intel, Netscape and venture
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capital firms Greylock and Benchmark Partners in September 1998.
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"Red Hat chose Compaq, IBM, Novell, and Oracle as equity partners
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because of their leadership positions in the computing industry. Their
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support of Red Hat is a broad endorsement of the Open Source Software
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model
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that is changing the entire software industry and driving the rapid
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adoption and success of Linux," said Robert F. Young, co-founder and CEO
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of
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Red Hat Software. "The support of a such a stellar group of leaders
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creates
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even more momentum for the Open Source Software movement and for Linux as
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a
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powerful, reliable, cost-effective and safe choice for any computing
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environment."
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More than 10 million users currently run the Linux operating system.
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According to IDC Research, Linux was the fastest-growing server operating
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environment in 1998, capturing more than 17 percent of all server
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operating
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system shipments. Red Hat Software builds, maintains and provides
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technical
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support for the Official Red Hat Linux operating system. Linux runs on
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Intel, Alpha and Sun SPARC platforms and will soon run on PowerPC systems.
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Today's announcement of equity funding by the leaders of the computing
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industry caps a month of major announcements from Red Hat.
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Hewlett-Packard,
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Compaq, Dell and IBM each announced plans to support Red Hat Linux on a
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variety of server and workstation systems. At last week's LinuxWorld Expo,
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Red Hat unveiled a new web portal (www.redhat.com) designed to be the
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primary web destination for anyone interested in Linux news, support,
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products and community information.
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About Linux
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Linux is the cooperatively developed POSIX-oriented, multi-user,
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multi-tasking operating system used worldwide. Linux is strongly
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differentiated from virtually all other operating systems because it is
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"open source" software, with the source code freely available to all
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users.
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Unlike binary-only operating systems that restrict access to the
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source code, Linux benefits from a worldwide community of highly
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experienced programmers and technically savvy academics who have the
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access
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to enhance and improve the system. Linux is used as an exceptional-value,
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fully functional UNIX workstation for Internet servers and other
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applications. Red Hat Linux is maintained as "freely distributable"
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software available from many sites on the Internet.
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About Red Hat ® Software, Inc.
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Founded in 1994, Red Hat Software is based in Research Triangle Park, NC,
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where it builds and maintains the award winning Red Hat Linux operating
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system. Working in cooperation with a huge development team of research,
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academic, and commercial software developers over the Internet, Red Hat's
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goal is to build the most accessible and advanced operating system
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available anywhere. Red Hat Linux for Intel®, Compaq AlphaServer™, and Sun
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SPARC® platforms continues to gain recognition in the computer industry.
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>From 1996 to the present, Red Hat Linux was named InfoWorld's Product of
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the Year three times, was given a Productivity accolade in Software
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Development's "Jolt" Awards, was named an Environment/Desktop finalist in
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the Ziff-Davis European Excellence Awards, won the editor's choice awards
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from both the Linux Journal and Australian Personal Computing magazines,
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and won the "Just Plain Cool" award.
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About Compaq (NYSE:CPQ)
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About IBM (NYSE: IBM)
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IBM is the world's largest information technology company, with 80 years
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of
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leadership in helping businesses innovate. IBM creates, develops and
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manufactures the industry's most advanced information technologies,
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including computer systems, software, networking systems, storage devices,
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and microelectronics. The fastest way to get more information about IBM
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is
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through the IBM home page at http://www.ibm.com.
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About Novell (NASDAQ: NOVL)
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Novell, Inc. is the world's largest network software company and the
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leader
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in directory-enabled network solutions. Novell solutions make networks
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more
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manageable, secure and affordable for organizations of every kind and
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size.
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Novell's worldwide channel, developer, education and technical support
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programs are the most extensive in the network computing industry. For
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information on Novell's complete range of products and services, contact
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Novell's Customer Response Center at (888) 321-4CRC (4272), or visit
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Novell's Web site at www.novell.com. Press may access Novell announcements
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and company information on the World Wide Web at www.novell.com/pressroom.
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Novell Internet Equity Fund
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The Novell Internet Equity Fund promotes Novell's interests in advancing
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innovative networking technologies. The $50 million fund typically makes
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investments in development-stage software companies that are in their
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first
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or second rounds of financing. The fund is focused on software products
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that support NDS and Java applications that run on servers, such as
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Novell's NetWare 5, for distribution across networks. Companies
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interested
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in the Fund can find more information about it at
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http://developer.novell.com/fund/.
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About Oracle (NASDAQ: ORCL) Oracle Corporation is the world's leading
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supplier of software for information management, and the world's second
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largest independent software company. With annual revenues of more than
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$8.0 billion, the company offers its database, tools and application
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products, along with related consulting, education, and support services,
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in more than 145 countries around the world. For more information about
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Oracle, please call 650/506-7000. Oracle's Worldwide Web address is (URL)
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http://www.oracle.com/.
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For more information or to interview representatives from the
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participating
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companies, contact these people:
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Compaq: Kristen Wilson kwilson@golinharris.com 617-266-8400
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IBM: Theo Chisholm, theoc@us.ibm.com 914-766-1180
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Oracle: Elizabeth Orgel, eorgel@us.oracle.com 650-506-2921
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Novell: John Pilmer, jpilmer@novell.com 801-222-5109
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For more information about Red Hat Software and Red Hat products and
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technologies, please call 1-888-REDHAT1 or visit our web site at
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http://www.redhat.com. Reviews encouraged.
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###
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LINUX is a trademark of Linus Torvalds. RED HAT is a registered trademark
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of Red Hat Software, Inc. UNIX is a registered trademark of The Open
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Group.
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Oracle is a registered trademark of Oracle Corporation.
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Compaq is a trademark of Compaq Computer Corporation.
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AlphaServer is registered in the U.S. Patent and Trademark office.
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All other names and trademarks are the property of their respective
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owners.
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