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View Full Version : Michael Dell puts $99.5M in Red Hat


bored2k
May 12th, 2005, 01:59 PM
NEW YORK (CNN/Money) - Red Hat is getting a $99.5 million boost from Michael S. Dell, billionaire founder and chairman of Dell Inc., according a regulatory filing. Through his private investment firm, MSD, Dell bought the largest share of $600 million in debentures offered by the software developer in January 2004, a Securities Exchange Commission filing showed. Red Hat's main product, the Linux operating system for PCs, is a direct competitor to Microsoft's Windows. The Raleigh, N.C.-based company also provides support services for "open source" technology, which is software developed by communities of programmers for free use. Dell (Research) is the nation's largest PC maker. Debentures are similar to bonds in that the issuer promises a fixed return for a stated period of time on the investment. In the case of a public company, a debenture can also be converted into shares or equity.

That is niice.
http://money.cnn.com/2005/05/10/technology/redhat/index.htm?cnn=yes
oddabe19
May 12th, 2005, 06:36 PM
He should've put it into a company that doesn't try to be microsoft... like... i don't know... maybe... Ubuntu and Conical? :-p

seriously though, it's great he's investing in (a) Linux, maybe it'll help pop our favorite OS into the mainstream market faster.
elasticwings
May 12th, 2005, 06:37 PM
If it goes mainstream, I will have to switch my OS. I gotta keep up with the indie computing. ;-)
bored2k
May 12th, 2005, 06:40 PM
He should've put it into a company that doesn't try to be microsoft... like... i don't know... maybe... Ubuntu and Conical? :-p

seriously though, it's great he's investing in (a) Linux, maybe it'll help pop our favorite OS into the mainstream market faster.
Canonical has Mark Shuttleworth, another gazillionaire under its wings. And do you mean by mimicking Microsoft ? That's silly..
XDevHald
May 12th, 2005, 07:37 PM
Well, he has a huge margin in Dells products, revenues are always high from each store in the U.S and employees of dell are pulling a 95% each week for the revenues in tolerance to the production that dell is bringing into new development.

Sorry, had a meeting with a few DBR's with the lead rep of Florida today, so my head is all into what we discussed today, in short words to what I just said above, Dell is looking to hit about 80 billion this year. :D