Red Hat Linux buys JBoss

Hi Folks:

Interesting development about Red Hat.

Tony
***

  Red Hat to buy JBoss for $US350 million

April 11

Red Hat Inc, a developer of open source software, said
on Monday it has
agreed to buy software maker JBoss for $US350 million
in stock and cash.

The acquisition, split 40 per cent to 60 per cent
between cash and Red
Hat common stock, is expected to be completed in May.

In addition to the $US350 million initial payment, Red
Hat could pay a
$US70 million bonus depending on future performance.

Open-source operating systems such as Linux allow
users to copy,
distribute and modify the program's code. Proprietary
systems such as
Windows do not allow users to modify its secret code.

Red Hat develops software based on the Linux system
and refines it for
business and government users. JBoss, based in
Atlanta, makes
middleware, a type of software that connects different
applications.

Red Hat reported at the end of last month that its
fourth-quarter profit
more than doubled to $US27.3 million, up from $US11.8
million from the
same period last year.

Earnings per share for the quarter that ended February
28 rose to 13
cents from 6 cents in last year's fourth quarter.

The company said the acquisition of privately held
JBoss will likely
hurt earnings slightly in the quarter ending August
31, but probably
have no impact on the full fiscal year.

*AP*

__________________________________________________
Do You Yahoo!?
Tired of spam? Yahoo! Mail has the best spam protection around
http://mail.yahoo.com
---------
To unsubscribe, send email to <aklug-request@aklug.org>
with 'unsubscribe' in the message body.
Received on Wed Apr 12 10:51:04 2006