Red Hat on the S&P 500 is a sign of Linux maturity
When Red Hat had its IPO in 1999, many (myself included) saw it as the real coming of age of Linux. While there is little doubt that IPO was a big event for Red Hat and Linux, perhaps an even more important one from a milestone point of view will officially occur this Friday.
As of Friday July 24, Red Hat will join the S&P 500 index.
In my opinion this is a major milestone for Red Hat and for Linux.
In the last several Red Hat earnings calls, analysts keep asking how Red Hat's exposure to financial services is affecting its bottom line. The answer is self-evident. In its first quarter fiscal 2010 earnings, Red Hat showed continued growth despite the global economic downturn.
How did that happen?