haben die zahlen geschlagen. ibm wird 2001 über 1 mio. in die entwicklung von linux stecken. freitag auch bei nasdaq minus gut geschlagen. bin optimistisch!
hier noch 2 ad hocs:
BREAKFAST WITH THE FOOL
Red Hat Is Red Hot
By Mike Trigg (TMF Tonto)
December 15, 2000
Upon the market's close yesterday, open source software provider Red Hat Inc. (Nasdaq: RHAT) was like a "red-hot chili pepper" when it reported better-than-expected earnings, which indicate the company hasn't felt any adverse affects of the PC slowdown. The company's announcement was highlighted by strong top-line growth and an improved gross margin, propelling it toward profitability in the second half of next calendar year.
The Durham, North Carolina-based Red Hat reported a fiscal third-quarter (ended November 30) net loss -- excluding onetime items -- of $900,000, or $0.01 per share, compared to a loss of $5.5 million, or $0.04 per share, in the comparable period one year ago. The Street consensus expected a loss of $0.02 per share. Revenues grew to $22.4 million from $10.5 million in the year-ago period. That represented 112% and 21% year-over-year and sequential growth, respectively. The company's strong top line is a good indicator of the commercial acceptance for its Linux solutions.
"We are seeing increasingly strong demand for Red Hat leadership solutions," said Red Hat President and CEO Matthew Szulik in a prepared release. "Solid results are being driven by customers consolidating their Unix technologies to Red Hat Linux, increased demand from device manufacturers, and continued execution of a solid business model."
Last night's results are particularly impressive considering the ongoing PC slowdown. In recent weeks, a string of PC-related companies have issued earnings warnings, including Intel (Nasdaq: INTC), Compaq (NYSE: CPQ), and most recently Microsoft (Nasdaq: MSFT). In the conference call last night, management insisted that the company is benefiting from a plethora of companies looking to Linux in order to reduce their cost of ownership. The Linux operating system (OS) is open source and available for little, if any, cost.
However, with only 4% of desktop computers Linux-based, compared to 87% running Microsoft software, commercial acceptance is an uphill battle. Hence, the company has attacked new growth avenues, such as the embedded software market. Embedded operating systems are invisible to the end user, traditionally powering things like robots and radar systems. However, as computing resources expand past personal computers to newer devices -- like handheld computers and kitchen appliances -- a significant opportunity exists. In the recent quarter, the company landed several embedded wins, including a $1 million contract to power the Samsung line of low-power chips.
Nevertheless, not all of the news was positive for Red Hat. In fact, a CNET News.com article quoted an analyst from ABN AMRO that voiced concerns over the Red Hat Network and customers' willingness to pay for the system. The Red Hat Network is an Internet-based service allowing customers to develop, deploy, and manage multiple software platforms, which provides real-time innovation and increases a businesses time-to-market cycle. Over the next several quarters, this will be an important part of Red Hat's business to monitor.
Overall, Red Hat reported a solid quarter and is on track to profitability. The company's efforts in this area are apparent, exhibited by its noteworthy gross margin improvement. In the recent quarter, gross margins improved to 60%. However, check out this sequential progress: 41%, 47%, 54%, 57%, and 60%. According to the company, it will reach profitability by the end of the second quarter next year, which ends August 31.
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Red Hat
NASDAQ: RHAT
Rating: BUY (We anticipate the stock will outperform its peer group over the next 12 months.)
Sector: Open Source and Pervasive Computing
Price Target: $15
RHAT: FQ3:01 Results In Line; Maintain Buy with 12-Month Price Target of $15
Prakesh Patel comments on Red Hat's FQ3:01 in-line results, revises estimates, and maintains Buy. Despite the current market environment, Red Hat management is confident that demand for Linux is continuing to grow rapidly. We believe that Red Hat's continued revenue growth will be driven by the consolidation and migration of legacy UNIX systems to Red Hat Linux, increased acceptance of Open Source Solutions by enterprise customers, and the growing demand for Open Source solutions by embedded device manufacturers. We maintain our Buy rating with a 12-month price target of $15.
To view the report online, click here:
www.wrhambrecht.com/research/coverage/...otes/rhat20001215.pdf
hier noch 2 ad hocs:
BREAKFAST WITH THE FOOL
Red Hat Is Red Hot
By Mike Trigg (TMF Tonto)
December 15, 2000
Upon the market's close yesterday, open source software provider Red Hat Inc. (Nasdaq: RHAT) was like a "red-hot chili pepper" when it reported better-than-expected earnings, which indicate the company hasn't felt any adverse affects of the PC slowdown. The company's announcement was highlighted by strong top-line growth and an improved gross margin, propelling it toward profitability in the second half of next calendar year.
The Durham, North Carolina-based Red Hat reported a fiscal third-quarter (ended November 30) net loss -- excluding onetime items -- of $900,000, or $0.01 per share, compared to a loss of $5.5 million, or $0.04 per share, in the comparable period one year ago. The Street consensus expected a loss of $0.02 per share. Revenues grew to $22.4 million from $10.5 million in the year-ago period. That represented 112% and 21% year-over-year and sequential growth, respectively. The company's strong top line is a good indicator of the commercial acceptance for its Linux solutions.
"We are seeing increasingly strong demand for Red Hat leadership solutions," said Red Hat President and CEO Matthew Szulik in a prepared release. "Solid results are being driven by customers consolidating their Unix technologies to Red Hat Linux, increased demand from device manufacturers, and continued execution of a solid business model."
Last night's results are particularly impressive considering the ongoing PC slowdown. In recent weeks, a string of PC-related companies have issued earnings warnings, including Intel (Nasdaq: INTC), Compaq (NYSE: CPQ), and most recently Microsoft (Nasdaq: MSFT). In the conference call last night, management insisted that the company is benefiting from a plethora of companies looking to Linux in order to reduce their cost of ownership. The Linux operating system (OS) is open source and available for little, if any, cost.
However, with only 4% of desktop computers Linux-based, compared to 87% running Microsoft software, commercial acceptance is an uphill battle. Hence, the company has attacked new growth avenues, such as the embedded software market. Embedded operating systems are invisible to the end user, traditionally powering things like robots and radar systems. However, as computing resources expand past personal computers to newer devices -- like handheld computers and kitchen appliances -- a significant opportunity exists. In the recent quarter, the company landed several embedded wins, including a $1 million contract to power the Samsung line of low-power chips.
Nevertheless, not all of the news was positive for Red Hat. In fact, a CNET News.com article quoted an analyst from ABN AMRO that voiced concerns over the Red Hat Network and customers' willingness to pay for the system. The Red Hat Network is an Internet-based service allowing customers to develop, deploy, and manage multiple software platforms, which provides real-time innovation and increases a businesses time-to-market cycle. Over the next several quarters, this will be an important part of Red Hat's business to monitor.
Overall, Red Hat reported a solid quarter and is on track to profitability. The company's efforts in this area are apparent, exhibited by its noteworthy gross margin improvement. In the recent quarter, gross margins improved to 60%. However, check out this sequential progress: 41%, 47%, 54%, 57%, and 60%. According to the company, it will reach profitability by the end of the second quarter next year, which ends August 31.
---------
Red Hat
NASDAQ: RHAT
Rating: BUY (We anticipate the stock will outperform its peer group over the next 12 months.)
Sector: Open Source and Pervasive Computing
Price Target: $15
RHAT: FQ3:01 Results In Line; Maintain Buy with 12-Month Price Target of $15
Prakesh Patel comments on Red Hat's FQ3:01 in-line results, revises estimates, and maintains Buy. Despite the current market environment, Red Hat management is confident that demand for Linux is continuing to grow rapidly. We believe that Red Hat's continued revenue growth will be driven by the consolidation and migration of legacy UNIX systems to Red Hat Linux, increased acceptance of Open Source Solutions by enterprise customers, and the growing demand for Open Source solutions by embedded device manufacturers. We maintain our Buy rating with a 12-month price target of $15.
To view the report online, click here:
www.wrhambrecht.com/research/coverage/...otes/rhat20001215.pdf
