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Red Hat Software

Submission + - Red Hat's stock price now higher than Microsoft's (cio.com.au) 3

isabright 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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