Red Hat (NASDAQ:RHAT)
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Red Hat, Inc. (NASDAQ:RHAT), the world's leading provider of open source
solutions, today announced that it has filed an application to list its
common stock on the New York Stock Exchange. Upon approval of its
application, the Company anticipates that its shares of common stock
will begin trading on the NYSE on December 12, 2006, under the symbol “RHT”.
Until that time Red Hat will continue to trade on the NASDAQ Stock
Market under the symbol “RHAT”.
"The move to the New York Stock Exchange is a significant event for Red
Hat. We believe that listing on the New York Stock Exchange will
increase Red Hat's visibility among investors, reduce trading volatility
and offer more efficient pricing,” said
Charlie Peters, CFO at Red Hat. “We are
grateful to the NASDAQ Stock Market for the role it has played in our
Company’s growth. We are excited to begin this
new chapter in Red Hat's history.”
Red Hat's initial public offering was in August, 1999. Today Red Hat has
a market value of over $3 Billion and has delivered 14 consecutive
quarters of profitability. Recently Red Hat was included on the 2006
FORTUNE List of Fastest-Growing Companies. The Company also placed
second on the Business 2.0 list of Fastest-Growing Technology Companies
this year.
“Red Hat is a great brand, innovator, and
leading global technology enterprise,” said
John A. Thain, CEO of NYSE Group, Inc. “As
the world’s leading open source solution
provider, Red Hat is redefining its industry and providing exceptional
value to customers throughout the world. We welcome Red Hat to the New
York Stock Exchange and look forward to providing the highest levels of
service and market quality to the company and its shareholders.”
About Red Hat, Inc.
Red Hat, the world's leading open source solutions provider, is
headquartered in Raleigh, NC with satellite offices spanning the globe.
CIOs and other senior-level IT executives have ranked Red Hat as the
industry's most valued vendor for two consecutive years in the CIO
Insight Magazine Vendor Value study. Red Hat is leading Linux and open
source solutions into the mainstream by making high-quality, low-cost
technology accessible. Red Hat provides an operating system platform,
Red Hat Enterprise Linux, along with applications, management, and
middleware solutions, including JBoss Enterprise Middleware Suite. Red
Hat is accelerating the shift to service-oriented architectures and
enabling the next generation of web-enabled applications running on a
low-cost, secure open source platform. Red Hat also offers support,
training and consulting services to its customers worldwide and through
top-tier partnerships. Red Hat's open source strategy offers customers a
long term plan for building infrastructures that are based on and
leverage open source technologies with a focus on security and ease of
management. Learn more: http://www.redhat.com
Forward-Looking Statements
Certain statements contained in this press release may constitute
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. Forward-looking statements
provide current expectations of future events based on certain
assumptions and include any statement that does not directly relate to
any historical or current fact. Actual results may differ materially
from those indicated by such forward-looking statements as a result of
various important factors, including: risks related to the integration
of acquisitions; the ability of the Company to effectively compete; the
inability to adequately protect Company intellectual property and the
potential for infringement or breach of license claims of or relating to
third party intellectual property; risks related to data and information
security vulnerabilities; ineffective management of, and control over,
the Company's growth and international operations; adverse results in
litigation; the dependence on key personnel as well as other factors
contained in our most recent Quarterly Report on Form 10-Q (copies of
which may be accessed through the Securities and Exchange Commission's
website at http://www.sec.gov),
including those found therein under the captions "Risk Factors" and
"Management's Discussion and Analysis of Financial Condition and Results
of Operations". In addition, the forward-looking statements included in
this press release represent the Company's views as of the date of this
press release and these views could change. However, while the Company
may elect to update these forward-looking statements at some point in
the future, the Company specifically disclaims any obligation to do so.
These forward-looking statements should not be relied upon as
representing the Company's views as of any date subsequent to the date
of the press release.
LINUX is a trademark of Linus Torvalds.
RED HAT and JBOSS are registered trademarks of Red Hat, Inc. and its
subsidiaries in the US and other countries.
Red Hat, Inc. (NASDAQ:RHAT), the world's leading provider of open
source solutions, today announced that it has filed an application to
list its common stock on the New York Stock Exchange. Upon approval of
its application, the Company anticipates that its shares of common
stock will begin trading on the NYSE on December 12, 2006, under the
symbol "RHT". Until that time Red Hat will continue to trade on the
NASDAQ Stock Market under the symbol "RHAT".
"The move to the New York Stock Exchange is a significant event
for Red Hat. We believe that listing on the New York Stock Exchange
will increase Red Hat's visibility among investors, reduce trading
volatility and offer more efficient pricing," said Charlie Peters, CFO
at Red Hat. "We are grateful to the NASDAQ Stock Market for the role
it has played in our Company's growth. We are excited to begin this
new chapter in Red Hat's history."
Red Hat's initial public offering was in August, 1999. Today Red
Hat has a market value of over $3 Billion and has delivered 14
consecutive quarters of profitability. Recently Red Hat was included
on the 2006 FORTUNE List of Fastest-Growing Companies. The Company
also placed second on the Business 2.0 list of Fastest-Growing
Technology Companies this year.
"Red Hat is a great brand, innovator, and leading global
technology enterprise," said John A. Thain, CEO of NYSE Group, Inc.
"As the world's leading open source solution provider, Red Hat is
redefining its industry and providing exceptional value to customers
throughout the world. We welcome Red Hat to the New York Stock
Exchange and look forward to providing the highest levels of service
and market quality to the company and its shareholders."
About Red Hat, Inc.
Red Hat, the world's leading open source solutions provider, is
headquartered in Raleigh, NC with satellite offices spanning the
globe. CIOs and other senior-level IT executives have ranked Red Hat
as the industry's most valued vendor for two consecutive years in the
CIO Insight Magazine Vendor Value study. Red Hat is leading Linux and
open source solutions into the mainstream by making high-quality,
low-cost technology accessible. Red Hat provides an operating system
platform, Red Hat Enterprise Linux, along with applications,
management, and middleware solutions, including JBoss Enterprise
Middleware Suite. Red Hat is accelerating the shift to
service-oriented architectures and enabling the next generation of
web-enabled applications running on a low-cost, secure open source
platform. Red Hat also offers support, training and consulting
services to its customers worldwide and through top-tier partnerships.
Red Hat's open source strategy offers customers a long term plan for
building infrastructures that are based on and leverage open source
technologies with a focus on security and ease of management. Learn
more: http://www.redhat.com
Forward-Looking Statements
Certain statements contained in this press release may constitute
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. Forward-looking statements
provide current expectations of future events based on certain
assumptions and include any statement that does not directly relate to
any historical or current fact. Actual results may differ materially
from those indicated by such forward-looking statements as a result of
various important factors, including: risks related to the integration
of acquisitions; the ability of the Company to effectively compete;
the inability to adequately protect Company intellectual property and
the potential for infringement or breach of license claims of or
relating to third party intellectual property; risks related to data
and information security vulnerabilities; ineffective management of,
and control over, the Company's growth and international operations;
adverse results in litigation; the dependence on key personnel as well
as other factors contained in our most recent Quarterly Report on Form
10-Q (copies of which may be accessed through the Securities and
Exchange Commission's website at http://www.sec.gov), including those
found therein under the captions "Risk Factors" and "Management's
Discussion and Analysis of Financial Condition and Results of
Operations". In addition, the forward-looking statements included in
this press release represent the Company's views as of the date of
this press release and these views could change. However, while the
Company may elect to update these forward-looking statements at some
point in the future, the Company specifically disclaims any obligation
to do so. These forward-looking statements should not be relied upon
as representing the Company's views as of any date subsequent to the
date of the press release.
LINUX is a trademark of Linus Torvalds. RED HAT and JBOSS are
registered trademarks of Red Hat, Inc. and its subsidiaries in the US
and other countries.