WRAL Tech Wire

 Red Hat shares drop than 6%; CEO remains optimistic

"We see a very strong pipeline for us," Jim Whitehurst tells The Street.com. "The spending outlook for the rest of the calendar year is very strong for Red Hat. Operating cash flow grew 38 percent year-over-year, the core metrics look fantastic, and we continue to be optimistic."

 Linux inventor shares Millennium Technology Prize

The development of Linux as an alternative to proprietary solutions such as Microsoft Windows led to the launch of Linux-based companies such as Raleigh-based Red Hat, now the world's largest provider of Linux-based solutions and services.

Red Hat Jim Whitehurst, left, and Linus Torvalds

 Lenovo's Bollywood star; new CFO at Motricity; Fedora targets cloud; Epic and Wii?; Cisco tablets out

Inside the Bulldog Blog: Lenovo lands a top Bollywood star as its ambassador in India; Motricity names a new CFO; Fedora's latest release targets cloud; will Epic's new game engine embrace Wii?; Cisco drops Cius tablets.

 Red Hat aims to rule in 'cloud computing' era

At a 10th birthday celebration of its flagship Red Hat Enterprise Linux product, Hatter executives lay out belief they will prevail in cloud computing world.

 IBM acquires data firm, launches Linux, Red Hat servers

Big Blue blog: IBM is buying Vivisimo, which focuses on "big data" analytics. Plus: A new line of servers ties in with Red Hat.

 Red Hat gives formal blessing to OpenStack 'cloud' project

The Hatters have been a very active contributor to the OpenStack project - but behind the scenes due to concerns about the governance of the project. Those concerns have been addressed, Red Hat's CTO says.

OpenStack's plan

 Red Hat Q3 results expected

Red Hat is scheduled to announce its third-quarter results after the markets close Monday. The company currently is a darling among analysts.

 Vaccine developer Medicago raises $11M from Philip Morris investment

Biotechnology company Medicago, whose technology makes vaccines from tobacco leaves, now has an additional $11.1 million from an investor who knows a thing or two about the golden leaf: Philip Morris

 Open source Fedora Project embraces 'cloud,' virtualization in new release

The Fedora operating system, which is free and is sponsored by Red Hat, adds numerous features for cloud computing, virtualization and collaboration.

A look at the Fedora Project

 Red Hat's new 'cloud' effort targets Pentagon

The Linux developer and services provider will team with SAIC to develop and demonstrate cloud solutions at SAIC's lab in South Carolina.

 Mad Money: Is Red Hat stock too cheap to ignore?

Jim Cramer, host of "Mad Money" on CNBC, likes Red Hat stock. In the rubble of recent Wall Street chaos, Cramer says Chief Executive Officer Jim Whitehurst and company are coming off a "spectacular quarter." But the stock is lagging under analysts' price targets.

Mad Money meets Red Hat

 Red Hat acquires California-based storage technology firm for $136M

The deal for Gluster positions the Raleigh-based developer of Linux software and solutions with technology for use in big data storage. Pandora music service is a Gluster customer.

How Gluster storage software works

 Red Hat earnings wallop Street expectations

Profits for software developer Red Hat during the second quarter were up 53 percent over a year ago, handily beating Wall Street estimates.

 Morgan Stanley backs Red Hat ahead of earnings

Analysts expect revenues of $271 million with revenues of 25 cents per share, according to SmartTrend.

 Red Hat wants next release input; Wells Fargo bullish on Red Hat; Linux group chief wants more people involved; Cisco fights Avaya on phone front

 Linux at 20 - challenges, opportunities; AT&T, T-Mobile eye $100M investment; Cisco launches virtual networking product; more videoconferencing competition for Cisco

 As Linux turns 20, Red Hat CEO meets its father, offers big thank you

Jim Whitehurst delivers an upbeat keynote address on the state of open source software and also says companies such as Google should be thankful for the creation of Linus Torvalds.

Jim Whitehurst, left, and Linus Torvalds

 Cisco sued for alleged role in Chinese repression; Google's Motorola buy crazy?; Linux at age 20; moving beyond the PC; 92-year-old Atlanta firm embraces facial recognition

 PGA Tour picks Red Hat for servers, storage of digital archives

The pro golf association is moving to Red Hat Enterprise Linux from proprietary technology as well as servers for its digitized video archives.

 Red Hat beats Street on revenues, earnings - on target for first $1B year

The world's top Linux open source software developer and services provider reports revenues of $265 million and a profit of 24 cents per share for the first quarter of its new fiscal year. Stock jumps 3 percent on news.