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Company News
Red Hat Named One of the Top 20 'Best Regarded'
Technology Companies, Top 10 for 'Vision and Leadership' in New
Survey BusinessWire, Tuesday, November 23,1999 at 12:39
RESEARCH TRIANGLE PARK, N.C.--(BUSINESS WIRE)--Nov. 23, 1999--
Harris Interactive, Inc. and Reputation Institute
"Digital 40" Survey Places Red Hat High Among Industry
Leaders in Measurement of 20 Key Attributes
Red Hat(R), Inc. (NASDAQ:RHAT), the leading
developer and provider of open source software
solutions, has been named to three prestigious lists
in a new Harris Interactive, Inc./Reputation
Institute survey. The two-phase national study
measured the reputation of technology companies by
examining how key stakeholders perceive companies on
20 attributes classified into six core
dimensions. The survey placed Red Hat, Inc. in the
Top 20 "best regarded" companies and in the Top
10 companies demonstrating "vision and leadership."
Red Hat's high standing in the survey results
is remarkable given the relatively small size of the
company compared to the survey's other leaders. Red
Hat finished just behind IBM and Motorola and
slightly ahead of Yahoo! and 3COM.
"This is a tremendous ratification of the
strength of our brand. We're delighted with the
results of this survey because it confirms our view that
open source software and our business model are held
in high regard by the public," said Matthew Szulik,
president and CEO of Red Hat, Inc. "For our
relatively young company to be placed so highly
among established, long-time industry leaders is
compelling proof that open source is gaining momentum."
"It's remarkable for a company that was
relatively unknown just a year ago to place so highly in
a survey that measures attributes like vision,
leadership and public regard," said Joy Sever, Senior
Vice President at Harris Interactive, Inc. "In a
short time Red Hat has built a strong reputation as a
leader in the technology industry and it is
certainly well-regarded by those who are familiar withthe
company."
Open Source Momentum
International Data Corp. (IDC) research states
that Linux was the fastest-growing server
operating environment in 1998, growing more than 190
percent in that year alone and capturing more
than 15.8 percent of the 4.4 million revenue
shipment server operating systems market segment.
Additionally, IDC states that Red Hat Linux is by
far the most popular distribution, preferred by 68.7
percent of U.S. Linux users.
Red Hat's numerous alliances with industry
leaders and the demand for Linux-based
applications has created open source support from
many of the industry's leading software and
hardware manufacturers, including Compaq(R),
Computer Associates, Corel, Dell, Gateway,
Hewlett-Packard, IBM, Intel, Netscape, Novell,
Oracle(R) and SAP(R).
About Red Hat, Inc.
Founded in 1994, Red Hat (NASDAQ:RHAT) is the
market leader in open source operating
system (OS) software, services and information.
Along with its award-winning open source Red Hat
Linux OS, Red Hat offers a full line of services,
including telephone support, on-site consulting,
developer training, certification programs and
priority access updates, making Red Hat a leading
resource for knowledgeable, innovative,
mission-critical open source solutions.
Red Hat shares all of its software innovations
freely with the open source community under the
GNU General Public License (GPL). The Official Red
Hat Linux OS and related services are available
directly from the company and through its partner,
distributor and reseller programs, which include top
PC and server manufacturers such as Compaq, Dell,
Gateway, IBM, Hewlett-Packard and Silicon Graphics.
Red Hat and the Official Red Hat Linux OS have
received industry praise. Recent accolades
include: Red Herring's Top 100 Companies of the
Electronic Economy, Upside's Hot 100 Companies,
Network World's 10 Companies to Watch, Federal
Computer Week's Government Best Buy, Software
Development's Jolt Award and InfoWorld's Product of
the Year for three years in a row. Red Hat was
also voted a "LinuxWorld Favorite" by the attendees
of the two most recent LinuxWorld Expos,
winning Best Server Distribution at the August show.
Red Hat is based in Research Triangle Park,
N.C. and has offices worldwide. Visit Red Hat on
the Web at www.redhat.com. For investor inquiries,
contact Lippert/Heilshorn at (212) 838-3777.
About Harris Interactive, Inc.
Harris Interactive (www.harrisinteractive.com)
is a leading market research and polling firm,
using Internet-based and traditional methodologies
to provide its clients with information about the
views, experiences and attitudes of people
worldwide. Known for its Harris Poll, Harris
Interactive has
over 40 years experience in providing its clients
with market research and polling services, including
custom research, multi-client research, service
bureau research and customer relationship services.
Harris Interactive conducts its Internet research
using its Internet database of approximately 4.2
million online panelists and its proprietary
technology.
About The Reputation Institute
The Reputation Institute is a research
organization dedicated to advancing knowledge about
corporate reputations. The Institute is sponsored by
PricewaterhouseCoopers (www.pwcglobal.com)
and Shandwick (www.shandwick.com). The Institute
counsels senior management in the areas of
reputation assurance and reputation management.
LINUX is a trademark of Linus Torvalds. RED HAT
is a registered trademark of Red Hat, Inc. All
other names and trademarks are the property of their
respective owners.
FORWARD-LOOKING STATEMENTS
Forward-looking statements in this press
release are made pursuant to the safe harbor
provisions of Section 21E of the Securities Exchange
Act of 1934. Investors are cautioned that
statements in this press release that are not
strictly historical statements, including, without
limitation, statements regarding current or future
financial performance, management's plans and
objectives for future operations, product plans and
performance, management's assessment of market
factors, and statements regarding the strategy and
plans of Red Hat and its strategic partners,
constitute forward-looking statements which involve
risks and uncertainties. These risks and
uncertainties include, without limitation, risks
associated with Red Hat's dependence upon an open
source business model, reliance upon independent
third-party Linux developers, management of
growth, reliance upon strategic relationships,
expansion of Red Hat's business focus and operations,
the possibility of undetected software errors, the
enforceability of the GNU General Public License and
other licenses under which Red Hat's products are
developed and licensed, the scarcity of
Linux-based applications, the risks of economic
downturns generally, and in Red Hat's industry
specifically, the risks associated with competition
and competitive pricing pressures, the viability of
the Internet, year 2000 compliance efforts of Red
Hat and of third parties on which Red Hat depends,
and other risks detailed in Red Hat's filings with
the Securities and Exchange Commission, copies of
which may be accessed through the SEC's web site at
http://www.sec.gov.
CONTACT: Red Hat, Inc.
Melissa London, (919) 547-0012
[EMAIL PROTECTED]
or
Schwartz Communications for Red Hat
Bryan Scanlon or Josh Slobin, (781) 684-0770
[EMAIL PROTECTED]
KEYWORD: NORTH CAROLINA
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS
SOFTWARE INTERNET
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Copyright 1999, Business Wire
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