Red Hat is a FLOSS Success Story

Red Hat (RHT) had a solid FY 02012. The company reported 4Q'12 results after the markets closed yesterday and in pre-market trading RHT shares up ~9% at $56.02. RHT is at its highest price since the early summer of 02000. I liked the following headline by Wired.com: "Red Hat Becomes Open Source's First $1 Billion Baby".

The following are some notes from Red Hat's 4Q'12 press releases.

Red Hat plans to hire 1000 people this year.

Red Hat announced a $300 million share buyback program.

RHT is at its highest price since early summer of 02000.

[quote] "Red Hat experienced impressive breadth and depth of demand for our technologies this quarter whether by geography or by industry vertical."

[quote] We were all shocked at how well RHEL did." (RHEL is enterprise Linux software.)

[quote] "We've got a broad range of technologies that customers want because it is a better technology than they currently have, it is less expensive than what they currently have. It is the next generation of technologies."

Red Hat continues to be a FLOSS (Free/Libre Open Source Software) success story.

[update::02012.03.29 at 1:55pm MST] RHT ended today at $61.43, up 19+%. The intra-day high was a new 52-week high of $61.71. Volume was 9.6x trailing-3-month average. AP reported: "Red Hat shares hadn't topped $61 since March 2000, also the height of the dot-com boom."