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51 Comments
- NinjaGod, on 03/28/2009, -4/+32Oh my god, failing companies are embracing Linux? Holy *****.
- seandfeeney, on 03/28/2009, -3/+26This doesn't make sense, why would a bank buy an operating system company? I hope this doesn't happen because if Citi were to go under, I don't want them to take Red Hat with them
- Eorster, on 03/28/2009, -7/+26Beginning of the end for Red Hat.
- jamesllc, on 03/28/2009, -0/+15Citigroup is more than just a struggling retail bank. They also have an investment banking division. This story is about an *analyst* in Citigroup's investment banking division saying that Red Hat would be a tempting takeover target for *somebody* else, not Citigroup.
- inactive, on 03/28/2009, -0/+10Duh! They said it's a tempting target....for another IT company.
- inactive, on 03/28/2009, -3/+10Anytime Citi thinks something is a good investment, I would run far far away in the other direction.
- frequentFlyer, on 03/30/2009, -0/+5Dear Citi,
Nobody cares about what you say anymore.
Love,
Everyone
P.S.
STFU - wilhoitm, on 03/29/2009, -0/+5Maybe Red Hat should buy Citi. I actually think Red Hat is worth more than a Zombie bank!
- lonmoer, on 03/28/2009, -1/+6who wants to be the first to break ground on the derivative OS market with me?!
- tacodealer, on 03/28/2009, -3/+8I'm telling you...when Microsoft licensing eats into your IT budget at $10-15k for 100 staff computers and a couple of servers before tackling hardware, phones, and security expenses, in this economic climate more and more firms are going to have to start looking at less expensive alternatives and that's when Linux begins to get attention. You won't eliminate the need for administrative costs, but when licensing eats your lunch before you ever begin talking about implementation, a discussion will have to come about evetually.
On a similar note, knowing and understanding the internals of Linux and how it can save companies money just in terms of bottom dollar costs is probably going to save some IT jobs when those in the know can use it as a talking point in meetings. Having lost my own former job as IT Director with a Windows shop to someone with a fraction of useable hands-on MS knowledge but who earns less and adds to the bottom line, I now see value in the investment of time and effort learning about how to install, configure, and support a Linux distribution in hopes of going back to pitch the same company on why it would benefit them to look at a cost-effective Linux alternative. (They outsource most infrastructure services and support, so having workstations and a single email server using open source alternatives would be a fairly straightforward transition.)
The point is, if you read my earliest digg posts about Linux, I was bashing it because it was easy believing with Microsoft experience, knowledge, and certifications (along with a couple of college degrees) that my job was bulletproof and I was invinceable. The reality is that if you simply rely on your MS skills to continue paying the bills indefinitely (regardless of whether you throw in VoIP, MPLS, SQL, etc.) without expanding them to include a greater breadth of the industry which obviously does include Linux, UNIX, and various other back-end systems - just look at www.top500.org - you could find yourself on the business end of an executive management cost-reduction stick. - silviumc, on 03/29/2009, -0/+4This is who needs to shut the ***** up and vaporize:
1. rating analyst companies that gave AAA to subprime loans
2. insurers that insured them
3. banks who bought them.
So what did you say your name was? Citi? Let me see... - custangro, on 03/29/2009, -0/+4This would be bad for Red Hat...
Red Hat has shown that they can be profitable without acquisition...so why sell? - inactive, on 03/29/2009, -0/+4Great analysis from a bank that losses billions a month
- wilhoitm, on 03/28/2009, -0/+4Please don't let it be IBM! First SUN and now Red Hat!
- flamyngo, on 03/28/2009, -0/+3Maybe they mean the Red Hat Society...
all those old ladies know a thing or two about stretching a buck... could be a good thing. - 4NDr01D, on 03/28/2009, -4/+7Linux is free sure,
but the support is $$$$$
I feel bad for my friends there
1st because they will get laid off in an acquisition
2nd because they have to work at red hat - rdoger6424, on 03/28/2009, -2/+5It already is.
Forgive me if there was /s that flew over my head - AngryChris, on 03/29/2009, -1/+4Citigroup is advising their clients that Red Hat is a tempting target for acquisition. They are not saying Citigroup has any interest in buying Red Hat. Please actually read the article, closely, before you assume something that isn't true (or even implied by the article).
- linagee, on 03/29/2009, -0/+3If Citi buys Red Hat, will Red Hat actually have govt bailout money in their hands?
- ScottyDelicious, on 03/29/2009, -0/+3I read your comment and chuckled heartily at your clever "Six degrees of Kevin Bacon" approach to a delightful, sarcastic jest at obtaining freely available information. Then I read the responses to your comment and became sad with the world.
rdoger6424 and djbon2112... maybe try reddit? I think this ***** is over your head.
Woosh!
Thanks for the levity, holzp. I appreciated it. - arvvvs, on 03/29/2009, -0/+2If we run out of bailout money and Citi fails....
DON"T GET BOUGHT - calcm, on 03/28/2009, -0/+2Yes, but there are all kinds of rumours that Oracle is going to buy Red Hat....
http://www.eweek.com/c/a/Database/Fresh-Rumors-Eru ...
http://www.forbes.com/feeds/afx/2009/03/23/afx6201 ...
http://www.raleigh3.com/default.asp?sourceid=& ... - tashtego67, on 03/29/2009, -0/+2Red Hat has performed better for me than any other stock I have. It was the only one that I picked by myself and ignored the advice of my broker. I figured they had money in the bank, weren't blowing it on crazy *****, were actually selling stuff and had smart employees. I just hope I don't get a bunch of shares of some crappy company if they are taken over.
- Chineseyes, on 03/28/2009, -2/+4The person who submitted this article failed at reading comprehension.
- djbon2112, on 03/28/2009, -2/+3Ever heard of the GPL? Yea, Linux (all of them) use that. In fact, with RH, that's ALL you get.
- PatrickBrown, on 03/28/2009, -1/+2Don't worry, your 1st point will prevent the 2nd point from ever being a problem.
- majumdar, on 03/29/2009, -0/+1Well, they are now (cough)... since the tech / market bubble burst on the likes of Henry Blodget & company...
- holzp, on 03/29/2009, -1/+2I forgive you. Overall, digg, I am disappointed.
- xsmasher, on 03/29/2009, -0/+1No, the submitter didn't fail - the description even says "larger technology firms are going to come knocking." I doesn't say what you think it does.
- wilhoitm, on 03/29/2009, -0/+1What was his bonus?
- majumdar, on 03/29/2009, -0/+1Can we say Black Hat CEO ... :P
- inactive, on 03/29/2009, -0/+1The money is in selling the manual.
- inactive, on 03/29/2009, -0/+1Please come back to reddit
- linagee, on 03/29/2009, -0/+1Why would Red Hat want such a poorly performing business?
- inactive, on 03/29/2009, -0/+1If you talied it up, I'm sure you are right. The thing is, being a bank, they can tally it up any way they like. That's why we are going down the *****. Nobody wants to take a look under Citi's dress to see if they have a package or a hole.
- uRmyHartBstopR, on 03/30/2009, -0/+1Err... I doubt this. They are selling support. Plus financial people are too stupid to understand the open source model (sell support) so they won't buy what they don't understand. They also under estimate RHT growth too. Ha!
But Oracle does make sense since they freaking clone RHEL and sell support for basically RHEL. There's nothing wrong with it just saying it make sense. - inactive, on 03/29/2009, -0/+1Nobody cares. Debian has been out in front for the last 5 years +
- anshuman, on 03/29/2009, -0/+1holy hell man, why on earth is Citi eyeing Redhat, some sane company should jump it. it will be end of Redhat , the same way how AOL , Time warner merger kinda ruined it all. (AOL could easily had joined Yahoo Later and stay true to its origins ).
Its a scam when one company selling oranges tries to buy another company selling melons, no co-relation at all. - factotum218, on 03/28/2009, -0/+0tru dat.
- jdavdc, on 03/28/2009, -1/+1Equity analysts are actually kept completely separate from investment banking thanks to very strict regulations. They are encouraged to put firewalls between the two to prevent communication.
- Unaka, on 03/30/2009, -0/+0Cheaper software. If they owned Red Hat...and hell it matches the logo anyway!
- factotum218, on 03/28/2009, -0/+0I'm sorry. I'm laughing, No real explanation why but I'm laughing. Then again, 7 years of slackware can do things to your brain that are unexplainable mwa hahhaa
- PlantAssassin, on 03/29/2009, -0/+0Yeah, where will I go for linux user group meetings? (we meet at their headquarters)
- 89vision, on 03/28/2009, -5/+5why do you say?
- Akairenn, on 03/28/2009, -2/+2The reality is that if you simply rely on your skills to continue paying the bills indefinitely without expanding them to include a greater breadth of the industry you could find yourself on the business end of an executive management cost-reduction stick.
Fix'd. - Tenoq, on 03/30/2009, -1/+1Except a Linux sys-admin costs roughly twice a Windows sys-admin.
Don't get me wrong, I'm all for open source, and hope more and more people will start seeing the light. But when you're saying it's costs $10-$15k for MS software, when it'll costs $30-40k more for a Linux sys-admin, it's a moot point, don't you think? Linux admins are at a premium - no-one is training them, and because there is so few they get to charge top-dollar for their services. - o0brae0o, on 03/29/2009, -0/+0any chance the 2nd could prevent the 1st point?
- holzp, on 03/28/2009, -2/+1So you work at Taco Bell now or what?
- arownious, on 03/28/2009, -4/+2Becuz a failing bank is wanting to buy them. Citi is sunk, and therefore so would RHE. GHEY.
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Show 51 - 52 of 52 discussions
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