Market Overview
DJIA click for chartS&P  click for chartNASDAQ  click for chart
Ameritrade

View All
Action Alerts PLUS
Breakout Stocks
Stocks Under $10
Options Alerts
Internet Review


Don't Miss TheStreet.com's Top 10 Stories

See What Are Our Celebrity Investors Are Saying About the Market, Stocks and Life!

Now, enjoy the good life every day!

RSSRSS FEED
PODPODCAST

TD Ameritrade

Free Rollover Planner CD-ROM

e-Savings Details


Tech Stocks: Software
Email This Story Print This Story

TechWeek: JBoss Boss Puts on the Red Hat

By Bill Snyder
TheStreet.com Senior Writer

5/19/2006 5:21 PM EDT
Click here for more stories by Bill Snyder
 

 
By the end of the month, JBoss, the open-source application company that made Wall Street sit up and take notice, will be nestled in the arms of Red Hat (RHAT:Nasdaq - news - research - Cramer's Take).

JBoss CEO Marc Fleury, who will play a key role in the combined operation, has been known as something of a hard-charging, enfant terrible. But as befits someone who'll be the No. 2 executive of a $5 billion software company (and a man on the verge of becoming a father for the fourth time), Fleury has been striking a more statesmanlike pose recently, with good words for even once-bitter enemies, including Microsoft (MSFT:Nasdaq - news - research - Cramer's Take).

But he has yet to rein in his ambition, and he makes little effort to hide his disdain for Oracle (ORCL:Nasdaq - news - research - Cramer's Take) CEO Larry Ellison, who made an unsuccessful bid for JBoss. Fleury's next goal: Make Red Hat the first pure-play open source provider to hit the $1 billion mark in annual revenue. In an interview this week, Fleury talked about Oracle's open source ambitions, Red Hat's strategic direction and why he ditched plans for an IPO. Here are some excerpts:

TheStreet.com: When the merger was announced, there was a lot of talk that Red Hat and JBoss would lose the support of former allies -- particularly IBM (IBM:Nasdaq - news - research - Cramer's Take) -- who are now worried that the combined company will become too powerful -- the Microsoft of the open source world. Is this a concern?

Marc Fleury: Obviously, that was something we worried about even prior to the announcement. None of the big vendors wanted to see another big vendor on the scene. But it's IBM's silence that is the most worrisome. The only communication we've heard is from IBM's [hardware group] , saying this is not changing the relationship, whatsoever.

What about the software folks at Big Blue, not to mention your current partners, like Novell (NOVL:Nasdaq - news - research - Cramer's Take)?

Nothing. We heard that when Steve Mills [IBM's software czar] got the news he sat silent for a full two minutes and then said, "Well, that comes as a surprise." We've heard that the words flying around inside IBM are "Microsoft and 1985." They are very paranoid. But open source is a very different thing; it's not a monopoly.

Go to NEXT PAGE


 RELATED STORIES

Software
Oracle Seeing Red Hat
5/11/2006 7:16 AM EDT
A likely move by the database giant into open source may have more bark than bite.

Software
Red Hat to Acquire JBoss
4/10/2006 11:21 AM EDT
The company will pay $350 million initially.

Software
TechWeek: The Trouble With Being Microsoft
5/5/2006 5:08 PM EDT
What did the software giant get for investing in its future? A $30 billion slap in the face.

Software
TechWeek: Nasdaq Looks Nasty
5/12/2006 4:36 PM EDT
If there's a catalyst to reverse the downturn in tech stocks, it has yet to make itself known.



Write us!
Order reprints of TSC articles. Top



Partner Center

Special Offers
Capital One®: Business Loans, Lines of Credit, Credit Cards
Earn 4.65% APY* with online savings. No fees. No minimums.
HP Color LaserJet 2600n Click to Learn More
$7 Trades at Scottrade. Ranked "Highest in Investor Satisfaction".




  Sponsored Links
BetterTrades Workshops
Learn to trade risk free. Now in the Los Angeles area May 21st to 26th. Sign up today. Limited space available!
www.asseenontvnetwork.com
Refinance with Bad Credit
Our network of problem credit mortgage experts can save you $1,000s! Compare up to 4 free quotes. Pick the lowest rate!
www.homeloanhelpline.com
Stock Trading Computers
Built for high performance investing and trading. Up to 10 monitors, tested on financial software, premium quality customer support. Recommended by trading professionals. Starting at $1,225.
www.tradingcomputers.com
$150,000 Mortgage for $483 a Month
Compare up to 4 free quotes! Refinance and save $1,000s. All credit types accepted!
www.pickamortgage.com
Superior to Margin Loan/Prepaid Forwards
Raise cash for any purpose, including asset diversification, with our tax deferred, non-recourse stock or bond loans. Low, fixed interest (3-4%). High LTVs (50-80%). $100,000 and up.
www.nmfinance.com



Investor Relations | Privacy Policy | Terms of Use | Conflicts Policy | Corrections | Internet Index | Advertise | FAQ | Logout
Site Map | Who's Who | Reader Feedback | Employment | Customer Service | Contact Us
RSSSubscribe to our RSS Feed
© 1996-2006 TheStreet.com, Inc. All rights reserved.