On Thu, Jun 20, 2002 at 01:36:26PM -0600, Ronald G Minnich wrote: > > Ah, well. > > ron > > ---------- Forwarded message ---------- > Date: Thu, 20 Jun 2002 13:05:56 -0400 > Subject: eCos > > > Red Hat said Tuesday that the seven to nine eCos programmers, > > based in Cambridge, England, have been laid off, and the > > effort has been canceled. >
>From Computergram International, > Red Hat Lowers Losses, Taps HP For Enterprise Market > > Section: 03. Financial News > > Red Hat Inc, the Linux software and services firm, > yesterday reported that it reduced its loss in its first > fiscal quarter and increased its revenue sequentially, > but saw a decreased top line year-on-year as it reduced > its focus on embedded systems in favor of the enterprise > market. > > For the three months to May 31, the Raleigh, North > Carolina-based company recorded a net loss of $4.3m, > compared to a loss of $42.3m in the fourth quarter and > a loss of $27.6m a year ago, on revenue that was up 5% > sequentially and down 9% annually at $19.5m. > > The company announced at the same time that it has > expanding its Advanced Server reseller deal with Hewlett- > Packard Co, one of its key channels into the enterprise > market. HP will be the first company to sell Itanium > 2-based servers running Linux, Red Hat said. The deal also > extends to all HP ProLiant servers and blade servers. > > Red Hat has been increasing its focus on the high-end > enterprise market, with its Advanced Server as the > cornerstone of the strategy. In the first quarter, the > company managed to increase its enterprise subscriptions > sequentially 6% to $9.6m, down 1% year-on-year. Enterprise > services were up about 10% and 44% at $7.8m. > > The company's embedded systems business has been suffering > as a result. Subscription revenue from embedded Linux > was down 35% at $1m, flat sequentially. Last year, > Red Hat announced its strategy of focusing on Unix-to- > Linux migration opportunities in the high-end market, > and restructured its embedded division as a result. > > For the current second fiscal quarter, Red Hat now sees > revenue in the $21.8m to $22.4m range, with enterprise > revenue making up 90-92% of revenues and subscriptions > making up 53% of enterprise revenue. The firm expects > operating expenses of $16m to $16.4m and a net loss at > the GAAP level of $3.3m to $3.8m. > > http://www.computerwire.com/
