Piper Jaffray Starts Red Hat (RHT) at Buy
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| Piper Jaffray initiates coverage on Red Hat (NYSE: RHT) with a Buy rating and
| $26 price target, saying the company should benefit from global adoption of
| open source technologies.
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http://www.streetinsider.com/New+Coverage/Piper+Jaffray+Starts+Red+Hat+(RHT)+at+Buy/3562655.html
Also some new success stories:
Behr Migrates Its Corporate Web Site to JBoss Solutions
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| Today, Behr utilizes JBoss Enterprise Application Platform and Red Hat
| Enterprise Linux throughout its Web infrastructure, composed of five
| application servers, three web servers and two database servers in its
| virtualized cluster of production Sun machines. An identical environment is
| maintained for QA cycles.
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http://www.centredaily.com/business/technology/story/537689.html
Recent:
No Recession at Red Hat
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| It is flattering to be mentioned, Mr. Whitehurst said, but he noted that
| corporate customers and the industry benefit from what he called Red
| Hat’s “Switzerland status” — not being a province of one of the major powers
| in the technology industry.
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http://bits.blogs.nytimes.com/2008/03/27/no-recession-at-red-hat/
VC funding for open source hits an all-time high
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| Incidentally, total funding to date stands at $2.64bn.
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http://blogs.the451group.com/opensource/2008/04/01/vc-funding-for-open-source-hits-an-all-time-high/
Open-source venture investing hits an all-time high
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| Just when you thought venture interest in open source was quieting down,
| along comes the biggest quarter in open source's (still young) history:
| $203.75 million raised, as reported by The 451 Group. This trumped the
| previous record of $193.6 million from Q4 2006.
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http://www.news.com/8301-10784_3-9907679-7.html?part=rss&tag=feed&subj=NewsBlog
Economic downturn = Financial upturn for GroundWork and open source
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| It's a great time to be in open source. When I see people straining to sell
| and buy homes, I can smell the recession. But when I go to work selling
| open-source solutions, I can taste prosperity. A downturn separates the wheat
| from the chaff. Here's hoping for even more open-source "wheat."
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http://www.cnet.com/8301-13505_1-9900837-16.html?part=rss&tag=feed&subj=TheOpenRoad
Schmidt: Google 'well-positioned' for a recession
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| Google, the world's leading Internet search engine, said Tuesday it can
| weather any economic downturn because its advertisers are broad-based.
|
| Chief Executive Eric Schmidt acknowledged that a shortage of credit in
| financial markets is a "very serious issue" and that many people are
| expecting a global economic slowdown.
|
| "It's too early to say if there's (already) been any specific impact. But if
| there were, I don't think it would be much," Schmidt told reporters at a
| briefing during a visit to Sydney, Australia.
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http://news.zdnet.com/2100-9588_22-6234685.html
Sun: Economic slowdown favors open source
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| Speaking to ZDNetAsia in an exclusive interview, he said the economic
| slowdown in the United States will favor open source companies. "During an
| economic slowdown, not everything slows down [and] IT projects will continue
| to be undertaken. But IT budgets will be reduced," he said, noting that
| companies will then turn to lower cost software options such as open source.
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http://www.zdnetasia.com/news/software/0,39044164,62038598,00.htm
Software Firms Face Recession Ripple Effect
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| If the economic downturn hits the information technology sector, investors in
| business software companies are probably safe for one more quarter of
| earnings reports.
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http://www.thestreet.com/_yahoo/newsanalysis/techstockupdate/10403419.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA
http://tinyurl.com/35tfgn
Forrester cuts tech outlook on U.S. recession risk
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| Technology research firm Forrester Research Inc cut its forecast for 2008
| global technology purchasing growth by a third on Sunday, citing the risks of
| a U.S. recession
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http://www.reuters.com/article/marketsNews/idUKN0848701220080211?rpc=44
Forrester, IDC cut tech outlook on US recession risk
http://www.reuters.com/article/marketsNews/idCAN1165370220080211?rpc=44
Recession fears could end bull market
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| The slide could be halted, however, if bellwether companies such as Apple and
| United Technologies engender hope that the U.S. economy can avert recession.
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http://biz.yahoo.com/rb/080121/column_stocks_outlook.html?.v=2
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