Red Hat Plans to List Shares on the New York Stock Exchange
17 Noviembre 2006 - 3:15PM
Business Wire
Red Hat, Inc. (NASDAQ:RHAT), the world's leading provider of open
source solutions, today announced that it has filed an application
to list its common stock on the New York Stock Exchange. Upon
approval of its application, the Company anticipates that its
shares of common stock will begin trading on the NYSE on December
12, 2006, under the symbol �RHT�. Until that time Red Hat will
continue to trade on the NASDAQ Stock Market under the symbol
�RHAT�. "The move to the New York Stock Exchange is a significant
event for Red Hat. We believe that listing on the New York Stock
Exchange will increase Red Hat's visibility among investors, reduce
trading volatility and offer more efficient pricing,� said Charlie
Peters, CFO at Red Hat. �We are grateful to the NASDAQ Stock Market
for the role it has played in our Company�s growth. We are excited
to begin this new chapter in Red Hat's history.� Red Hat's initial
public offering was in August, 1999. Today Red Hat has a market
value of over $3 Billion and has delivered 14 consecutive quarters
of profitability. Recently Red Hat was included on the 2006 FORTUNE
List of Fastest-Growing Companies. The Company also placed second
on the Business 2.0 list of Fastest-Growing Technology Companies
this year. �Red Hat is a great brand, innovator, and leading global
technology enterprise,� said John A. Thain, CEO of NYSE Group, Inc.
�As the world�s leading open source solution provider, Red Hat is
redefining its industry and providing exceptional value to
customers throughout the world. We welcome Red Hat to the New York
Stock Exchange and look forward to providing the highest levels of
service and market quality to the company and its shareholders.�
About Red Hat, Inc. Red Hat, the world's leading open source
solutions provider, is headquartered in Raleigh, NC with satellite
offices spanning the globe. CIOs and other senior-level IT
executives have ranked Red Hat as the industry's most valued vendor
for two consecutive years in the CIO Insight Magazine Vendor Value
study. Red Hat is leading Linux and open source solutions into the
mainstream by making high-quality, low-cost technology accessible.
Red Hat provides an operating system platform, Red Hat Enterprise
Linux, along with applications, management, and middleware
solutions, including JBoss Enterprise Middleware Suite. Red Hat is
accelerating the shift to service-oriented architectures and
enabling the next generation of web-enabled applications running on
a low-cost, secure open source platform. Red Hat also offers
support, training and consulting services to its customers
worldwide and through top-tier partnerships. Red Hat's open source
strategy offers customers a long term plan for building
infrastructures that are based on and leverage open source
technologies with a focus on security and ease of management. Learn
more: http://www.redhat.com Forward-Looking Statements Certain
statements contained in this press release may constitute
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements provide current expectations of future events based on
certain assumptions and include any statement that does not
directly relate to any historical or current fact. Actual results
may differ materially from those indicated by such forward-looking
statements as a result of various important factors, including:
risks related to the integration of acquisitions; the ability of
the Company to effectively compete; the inability to adequately
protect Company intellectual property and the potential for
infringement or breach of license claims of or relating to third
party intellectual property; risks related to data and information
security vulnerabilities; ineffective management of, and control
over, the Company's growth and international operations; adverse
results in litigation; the dependence on key personnel as well as
other factors contained in our most recent Quarterly Report on Form
10-Q (copies of which may be accessed through the Securities and
Exchange Commission's website at http://www.sec.gov), including
those found therein under the captions "Risk Factors" and
"Management's Discussion and Analysis of Financial Condition and
Results of Operations". In addition, the forward-looking statements
included in this press release represent the Company's views as of
the date of this press release and these views could change.
However, while the Company may elect to update these
forward-looking statements at some point in the future, the Company
specifically disclaims any obligation to do so. These
forward-looking statements should not be relied upon as
representing the Company's views as of any date subsequent to the
date of the press release. LINUX is a trademark of Linus Torvalds.
RED HAT and JBOSS are registered trademarks of Red Hat, Inc. and
its subsidiaries in the US and other countries. Red Hat, Inc.
(NASDAQ:RHAT), the world's leading provider of open source
solutions, today announced that it has filed an application to list
its common stock on the New York Stock Exchange. Upon approval of
its application, the Company anticipates that its shares of common
stock will begin trading on the NYSE on December 12, 2006, under
the symbol "RHT". Until that time Red Hat will continue to trade on
the NASDAQ Stock Market under the symbol "RHAT". "The move to the
New York Stock Exchange is a significant event for Red Hat. We
believe that listing on the New York Stock Exchange will increase
Red Hat's visibility among investors, reduce trading volatility and
offer more efficient pricing," said Charlie Peters, CFO at Red Hat.
"We are grateful to the NASDAQ Stock Market for the role it has
played in our Company's growth. We are excited to begin this new
chapter in Red Hat's history." Red Hat's initial public offering
was in August, 1999. Today Red Hat has a market value of over $3
Billion and has delivered 14 consecutive quarters of profitability.
Recently Red Hat was included on the 2006 FORTUNE List of
Fastest-Growing Companies. The Company also placed second on the
Business 2.0 list of Fastest-Growing Technology Companies this
year. "Red Hat is a great brand, innovator, and leading global
technology enterprise," said John A. Thain, CEO of NYSE Group, Inc.
"As the world's leading open source solution provider, Red Hat is
redefining its industry and providing exceptional value to
customers throughout the world. We welcome Red Hat to the New York
Stock Exchange and look forward to providing the highest levels of
service and market quality to the company and its shareholders."
About Red Hat, Inc. Red Hat, the world's leading open source
solutions provider, is headquartered in Raleigh, NC with satellite
offices spanning the globe. CIOs and other senior-level IT
executives have ranked Red Hat as the industry's most valued vendor
for two consecutive years in the CIO Insight Magazine Vendor Value
study. Red Hat is leading Linux and open source solutions into the
mainstream by making high-quality, low-cost technology accessible.
Red Hat provides an operating system platform, Red Hat Enterprise
Linux, along with applications, management, and middleware
solutions, including JBoss Enterprise Middleware Suite. Red Hat is
accelerating the shift to service-oriented architectures and
enabling the next generation of web-enabled applications running on
a low-cost, secure open source platform. Red Hat also offers
support, training and consulting services to its customers
worldwide and through top-tier partnerships. Red Hat's open source
strategy offers customers a long term plan for building
infrastructures that are based on and leverage open source
technologies with a focus on security and ease of management. Learn
more: http://www.redhat.com Forward-Looking Statements Certain
statements contained in this press release may constitute
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements provide current expectations of future events based on
certain assumptions and include any statement that does not
directly relate to any historical or current fact. Actual results
may differ materially from those indicated by such forward-looking
statements as a result of various important factors, including:
risks related to the integration of acquisitions; the ability of
the Company to effectively compete; the inability to adequately
protect Company intellectual property and the potential for
infringement or breach of license claims of or relating to third
party intellectual property; risks related to data and information
security vulnerabilities; ineffective management of, and control
over, the Company's growth and international operations; adverse
results in litigation; the dependence on key personnel as well as
other factors contained in our most recent Quarterly Report on Form
10-Q (copies of which may be accessed through the Securities and
Exchange Commission's website at http://www.sec.gov), including
those found therein under the captions "Risk Factors" and
"Management's Discussion and Analysis of Financial Condition and
Results of Operations". In addition, the forward-looking statements
included in this press release represent the Company's views as of
the date of this press release and these views could change.
However, while the Company may elect to update these
forward-looking statements at some point in the future, the Company
specifically disclaims any obligation to do so. These
forward-looking statements should not be relied upon as
representing the Company's views as of any date subsequent to the
date of the press release. LINUX is a trademark of Linus Torvalds.
RED HAT and JBOSS are registered trademarks of Red Hat, Inc. and
its subsidiaries in the US and other countries.
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