Red Hat Appoints New CFO
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September 2, 2004 -- (WEB HOST INDUSTRY REVIEW) -- Linux distributor Red Hat  announced on Thursday that it has appointed Charles E. Peters, Jr.
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Red Hat (NOVL:Nasdaq - news - research) got its second upgrade in two week Tuesday, and promptly leaped northward. In recent trading, shares of the Linux Vendor were up $1.42, or 10.6%, to $14.84 in heavy volume.
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Shares of software maker Red Hat Inc. jumped more than 8 percent midday Tuesday on an upgrade from an analyst who was enthusiastic about the company&#39;s hefty market share in an attractive niche.
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(InfoWorld) - Red HatÂ has scheduled a March release for RHEL5 (Red Hat Enterprise Linux 5), the latest version of its open-source operating system, while it tries to fend off new competitive threats from OracleÂ and the Microsoft-NovellÂ partnership. Red Hat CTO Brian Stevens discussed the RHEL5, the competition, the Fedora Project, and other issues with IDG News Service. Following is an edited transcript of the interview, conducted this week at the InfoWorld Virtualization Executive Forum in San Francisco: IDGNS:Â RHEL5 comes out in March. What are some of the features that will move virtualization forward and keep Red Hat competitive? Stevens: RHEL5 is a scalable, full native 64-bit platform. In the second quarter of 2005, there was a crossover point where more 64-bit x86 systems were sold than 32-bit systems. So there is this untapped (64-bit) capability within the IT shops as many systems are still running 32-bit applications on 64-bit systems. With RHEL5, we aim to help allow IT and independent software vendorsÂ to realize the power of 64-bit computing on these multicore architectures. There is a lot of untapped capability in performance there, so we aim to help that. As to virtualization, it comes as an integrated feature set for RHEL5. IDGNS: How has the move by Oracle to undercut you on the price for its Linux support and the partnership between MicrosoftÂ and NovellÂ affected the direction you are taking Red Hat as CTO? Stevens: It hasn't really affected the day-to-day activities because Red Hat is focused on creating value for customers. We have developed really close relationships to understand where we need to drive technology to make a meaningful impact on their businesses. We focus on the fundamentals, not on something else. If you start to think about what is going to create revenue for the company versus what's going to create value for the customer, you're thinking about it the wrong way. Our results for the last quarter show that we are largely unaffected. We look at the vibrancy of the Fedora Project, our open-source community. Fedora is Red Hat's vehicle for bringing advanced technology really quickly to end-users. The last release of Fedora has been out for about four months, and we are averaging more than 100,000 downloads a week and 1.5 million downloads total. Compare that 100,000 a week to Oracle with their release of Oracle Linux. We reach in seven hours what they reached in their very first month of releasing that source code. With the Novell-Microsoft deal, we continue to believe interoperability is important. We didn't see anything new and meaningful in that interoperability agreement. With RHEL5, we're going to show rich compatibility between Windows and Linux. We already have that. We are absolutely open to and willing to work with Microsoft under an interoperability agreement but one that does not require our customers to pay anÂ intellectual property tax on Linux. IDGNS: What are your projects for the coming year besides RHEL5? Stevens: We'll continue an initiative we started last year around AMQP (Advanced Message Queuing Protocol). It's going to transform how you manage messaging systems in grid environments. We'll be bringing that to a bunch of (test) customers this year. AMQP is about allowing you to have data sources and data feeds that can scale across grid environments. IDGNS: What else? Stevens: We're leading the work in Linux around predictability with a project called Real Time. It's not just about dropping latency, even though it does that. It's around how we get determinism. It's really critical that the workloads you're running, whether its multimedia playback or transactions, know that there is a sort of boundary on the completion of transactions. Real Time is basically a rearchitecture of how the Linux kernel does locking and scheduling. We've had a team working on this for the past year and a half and we will be working with customers under a proof of concept through the course of this year.
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Jeremy Coote gets the boot as new CEO absorbs role.
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After nine years at Linux seller Red Hat, Christopher Blizzard will become an evangelist with the company behind the open-source Firefox Web browser.
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Red Hat CEO Matthew Szulik, in a statement the company issued, said the assets have &quot;tremendous longterm strategic value for the open source industry&quot; and his company.
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Jim Whitehurst, 40, thinks his experience as Delta's COO will help him turn Red Hat into a big company. Also: he talks the open-source talk.
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The introduction of a new version of its Linux distribution and new JBoss software helped Red Hat Inc. increase profit to US$16.2 million, or $0.08 a share, on revenue of $118.9 million, in its fiscal first quarter ended May 31, the company reported Wednesday.
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Blog: An interview with the CEO of Red Hat and a ruling from Europe on ISPs and digital music.
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Stephen Richards, CFO of security software maker McAfee, joins the board
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After his company announced plans to acquire security and authentication tools from Netscape Security Solutions, Red Hat Inc. CEO and chairman Matthew Szulik spoke to Computerworld about the company's plans.
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EMC has appointed Jeff Nick, the former chief architect of IBM&#39;s grid computing initiative, as its senior vice-president and chief technology officer (CTO).
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Having established itself as the leading enterprise Linux vendor,&#160;Red Hat is in a pivotal phase of reinventing itself as a broader open-source software provider and a long-term technology leader a la Microsoft and Oracle. It&#39;s a tall order, and among other things it will take a business plan that lets the company move smoothly through this make-or-break stage.Coming up with that internal plan lies on the shoulders of 30-year IT veteran Nick Van Wyk. Van Wyk joined Red Hat last year from EMC, taking a newly created role as vice president of operations to optimize Red Hat&#39;s subscription model and create better business processes to support the company&#39;s channel.Two weeks ago, Red Hat also appointed him to a new role as senior director, transformation, in charge of examining the company&#39;s internal processes and operations to &quot;reposition all of our systems to support the next stage of our evolution,&quot; he said.That stage includes capitalizing on its April 2006 purchase of JBoss and the open-source middleware package that comes along with it, as well as growing from a company with annual revenue of about $500 million to a billion-dollar company. Red Hat, whose affections toward other vendors can be fickle, also is challenged to build out a stronger ecosystem of partners to support not only Red Hat Enterprise Linux OS but also JBoss and any new technologies it brings to the table.In the current technology business climate, Red Hat is a bit of an anomaly. The company has managed to exist for nearly 10 years with one core competency: a Linux server distribution it supports and provides maintenance for. The company has branched out into other areas of software, such as desktop Linux and virtualization, but for the most part, the server OS has been its bread and butter.Recognizing it can&#39;t subsist long on this diet in an environment of consolidation and diversification, Red Hat made a calculated risk and purchased JBoss. It&#39;s now trying to position itself to make the most out of that and possible other new product developments or purchases, Van Wyk said.&quot;As we move forward, we will more be described as an open source services and solutions company,&quot; he said. &quot;That&#39;s an enhanced position for Red Hat.&quot;In its present situation, Red Hat has &quot;a base, a critical mass of applications from which to grow,&quot; said George Weiss, vice president and distinguished analyst at Gartner. But investors are more interested in what comes next than in how well Red Hat is currently executing, he said.&quot;It&#39;s not a look at the present basis, it&#39;s what you can do to instill market confidence that you have a sufficiently scalable business model, and the operating system alone is not going to be it,&quot; Weiss said.Van Wyk knows full well the pressure on the company, and said that during Red Hat&#39;s two-to-three-year transformation, the company will be making changes to ensure it can meet both the internal and the external needs of scaling an IT company.The company is currently examining how it handles a host of functions, among them lead management, partner relationship management, subscriptions, financial systems and technical support. The next step in the transition will be to make changes where necessary to ensure the business is operating efficiently and providing the highest levels of customer service, he said.&quot;This whole idea of ease -- the ease of doing business with Red Hat, the ease of support, the automation of those technologies, the time to acquire OS technologies, zero time to subscribe -- those are all built into [our goals],&quot; Van Wyk said. &quot;These are things that have been said to us that customers want to have.&quot;Van Wyk declined to go into detail about exactly how Red Hat will execute on this strategy, saying the company won&#39;t really have a clear idea of the changes it will make until the initial assessment is complete.One thing Red Hat should consider is more acquisitions, said Raven Zachary, open source research director for The 451 Group. But Red Hat should move fast to acquire companies that will help them get into new markets -- such as database and data management -- because larger IT vendors are eyeing similar purchases.&quot;They have companies like Oracle, Microsoft, IBM and SAP competing for the same targets,&quot; he said. &quot;Red Hat doesn&#39;t have the capital to compete with those suitors. They need to move very quickly before we get into an era where the largest IT vendors are competing for these targets.&quot;
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Newspaper publisher Knight Ridder Inc. on Monday named Steve Rossi, who had been president of its newspapers division, as its new chief financial officer.
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Red Hat on Thursday named Charles Peters Jr. as executive vice president and chief financial officer. Peters replaces Kevin Thompson, who unexpectedly announced his resignation in June, a few days before the
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Newly named AirTight Networks picks up funding, appoints new execs and board members.