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Corel denies Red Hat acquisition rumor

Corel denies Red Hat acquisition rumor

Corel (Nasdaq: COSFF) CEO Michael Cowpland on Tuesday denied rumors that his company was in acquisition talks with Linux software provider Red Hat. Both stocks soared Monday on a rumor that Red Hat would buy Corel, which provides office productivity software.

November 29, 1999 by in Linux

Commentary: How to make a buck with Linux

Commentary: How to make a buck with Linux

While major players in the open source world lay off people, or merge, or watch their share prices hemorrhage, research maintains that Linux growth isn't slowing. This paradox confounds Linux fans, who want their industry to exhibit the necessary stability to take on proprietary software vendors.

February 28, 2001 by in Linux

Linux boycott not stopping SDMI hack

Linux boycott not stopping SDMI hack

A threatened Linux community boycott doesn't seem to be putting a chill on a hacking challenge sponsored by the music industry. Leonardo Chiariglione, executive director of the Secure Digital Music Initiative, said "thousands" of people have responded to the SDMI's contest, which launched Friday and promises to split $10,000 among hackers who crack any of the technologies being promoted to protect digital music.

September 18, 2000 by in Linux

Red Hat snaps up consulting firm

Red Hat snaps up consulting firm

Red Hat, which sells Linux software and services, said Tuesday it has acquired consulting firm Planning Technologies in a stock-for-stock deal worth $47 million. The acquisition of Atlanta-based Planning is part of Red Hat's strategy to profit by providing services for the open-source Linux operating system, which is available for free or a very low cost.

February 26, 2001 by in Linux

Earnings: Red Hat breaks even

Earnings: Red Hat breaks even

Red Hat beat analysts' estimates in its fourth quarter Thursday, posting a net loss of $600,000, or breakeven on a per share basis, on sales of $27 million. First Call consensus pegged the seller of Linux software and services to lose a penny a share in the quarter on sales of $26.

March 21, 2001 by in Linux

Linux open to backdoor password

Linux open to backdoor password

A team of Internet security researchers say they’ve found a serious security hole in the most popular distribution of the Linux operating system. According to Internet Security Systems Inc.

April 24, 2000 by in Linux