On 10/27/06, ravi <[EMAIL PROTECTED]> wrote:
At around 27/10/06 9:59 pm, Michael Perelman wrote:
> It appears that Red Hat stock is in freefall now that Oracle announced that it would
> offer identical services at 50% the cost. I don't know enough to understand how
> much Red Hat contributes to the open source movement, but I am suspicious that
> anything good can come from Red Hat tactic.
>
I do not follow stocks at all and I am not much interested in Oracle, so
perhaps you can tell us more about Oracle's announcement? Last I heard
Ellison was making noises about releasing his own flavour of Linux,
amidst rumours of Oracle acquiring RedHat, along with Oracle's advances
towards other distros like Ubuntu.
I think this is the development Michael is referring to.
Oracle recently announced that they would support RedHat Linux for enterprises at half the price of RedHat subscriptions. It essentially seems like a price war launched by Oracle against RedHat. RedHat stock got hammered after the announcement by like 20%.
A look at the chart shows that RHAT price dropped off a cliff earlier this week:
-raghu.
