The most popular Linux distribution for the desktop

Ubuntu Linux Journal

Subscribe to Ubuntu Linux Journal: eMailAlertsEmail Alerts newslettersWeekly Newsletters
Get Ubuntu Linux Journal: homepageHomepage mobileMobile rssRSS facebookFacebook twitterTwitter linkedinLinkedIn


Ubuntu Linux Authors: Elizabeth White, Don MacVittie, SmartBear Blog, Liz McMillan, Jnan Dash

Related Topics: CEOs in Technology, Ubuntu Linux Journal, Open Source Journal, Open Source and Cloud Computing, Open Cloud Collaboration

Article

Red Hat Picked for S&P 500

Red Hat is the first and only open source firm on the list. Red Hat's market cap Friday was $3.87 billon

The open source crowd got unexpected validation late Friday when Standard & Poor's said it's going to boot the tottering CIT Group off its chi-chi S&P 500-stock index and replace it with Red Hat.

With its stock in the hole, its depressed market cap down to $272 million and its flirtation with utter collapse, the bank was number 500 on the list.

The substitution goes into effect July 24 after the market closes.

Red Hat is the first and only open source firm on the list. Red Hat's market cap Friday was $3.87 billon.

Standard & Poor's did not explain its selection.

More Stories By Maureen O'Gara

Maureen O'Gara the most read technology reporter for the past 20 years, is the Cloud Computing and Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at)sys-con.com or paperboy(at)g2news.com, and by phone at 516 759-7025. Twitter: @MaureenOGara

Comments (0)

Share your thoughts on this story.

Add your comment
You must be signed in to add a comment. Sign-in | Register

In accordance with our Comment Policy, we encourage comments that are on topic, relevant and to-the-point. We will remove comments that include profanity, personal attacks, racial slurs, threats of violence, or other inappropriate material that violates our Terms and Conditions, and will block users who make repeated violations. We ask all readers to expect diversity of opinion and to treat one another with dignity and respect.