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Red Hat Software

+ - Red Hat's stock price now higher than Microsoft's-> 3

Submitted by isabright
isabright (666) writes "Did anyone see this historic event coming? As of the last Nasdaq trade on October 19, 2009, Red Hat’s share price stood at $28.46 with the mighty Microsoft in its shadow at $26.36. That's right, the Linux vendor Red Hat now has a higher share price than Microsoft and it isn't due to the dotcom boom. Who said you can’t make a business out of free software? What’s more, the growth in the value of each share tells a very different story. According to Nasdaq data, since 2001 Red Hat has experienced more than 600 per cent growth, while during the same period Microsoft has experienced negative growth of its share price. How long will it take Microsoft to regain its lost share value?"
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Red Hat's stock price now higher than Microsoft's

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  • For years we've watched buttoned-down stock market analysts downplay the viability of Red Hat's fee-for-service business model. At the same time those analysts have fawned all over Microsoft as a can't-lose financial juggernaut -- much like Wal-Mart. In hindsight in recent years it looks like Microsoft now has more in common with General Motors of the '70s and '80s than with Wal-Mart. Their product lines are bloated, over-priced, have poor quality, and are widely perceived as both cumbersome and unsafe to o

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