WRAL Tech Wire

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.

Red Hat, IBM achieve top security certification

This new certification for KVM hypervisor on Red Hat Enterprise Linux and IBM Servers may pave the way for broader adoption of private cloud computing infrastructure in government agencies and other organizations requiring high levels of security.

Top Security Certification

Red Hat, Dell see promise in open source; sign OEM deal

A new partnership between Dell and Red Hat announced on Tuesday could mark a further expansion of open-source software use in the corporate enterprise.

Red Hat and Dell

Red Hat to open two R&D centers in India

The open source giant looks to strengthen Asia-Pacific operations with the expansion of two R&D centers in India - one being the largest engineering facility outside of North America.

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.

Raleigh proposes funding for open-source government

The Raleigh City Council voted this week to include $50,000 for a hosted open data catalogue in next year's proposed fiscal budget. Council members will vote on the budget on May 15.

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

Cree cuts streetlight price; Red Hat's storage beta and data platform; GSK cuts vaccine price; Ciso CEO goes on attack

Inside the Bulldog blog: Cree is cutting LED streetlight prices in half; Red Hat unveils a storage solution beta plus an open source data platform; GSK and Merck are discounting vaccines to combat diarrhea; Cisco's John Chambers aims attack at Chinese rival.

CEO aims to keep Red Hat growing, its value high to ward off buyers

In his fifth year as the top executive at Raleigh-based Red Hat, Jim Whitehurst plots a strategy for continued growth and another 150 local jobs in the wake of the Linux software firm topping $1 billion in revenues. He aims to keep the stock price high and at the same time keeping the company focused on the "changing paradigm" in computing. As for his own career, Whitehurst says "I can't imagine anything better to do."

At its new high, is sizzling Red Hat stock too hot to buy?

After a "blowout quarter" in the words of CNBC's Jim Cramer, Red Hat stock is up 47 percent so far this year to around $60 a share. After interviewing Red Hat CEO Jim Whitehurst, the Mad Money host says he'll buy Red Hat if there is a pullback on its price.

Jim Cramer, Red Hat's Jim Whitehurst one-on-one

Exec: Red Hat has no plans to offer own 'cloud' service

The global Linux software and services provider does offer a "platform-as-a-service" for cloud computing that runs on Amazon. But being a provider isn't in the plans, says Red Hat's leader for cloud services.

Red Hat's "cloud" products

Investors flock to RTP to talk deals at Capital Conference

The Association for Corporate Growth's Raleigh-Durham chapter is hosting its ninth annual capital conference on Monday and Tuesday. After watching basketball Monday night, the execs will turn to M&A and deal making. A sellout crowd is expected.

Merger

Red Hat frenzy fades; stock drops under $60

After a near-20 percent surge in price Thursday, Red Hat shares fell more than 2.5 percent early Friday to back under $60 a share and nearly $2 off a new 52-week high.

Red Hat's HQ

Red Hat soars 20% to 12-year high after 'knockout quarter'

In heavy trading, buyers stampede for shares in Raleigh-based Red Hat, sending gthe price to above $60. It's the highest price for the stock in more than a decade.

Red Hat's stock has been flying high like its flag at HQ.

Red Hat tops $1B in revenues, beats Street expectations

Shares in Raleigh-based Red Hat, the global leader in Linux-based software, surged 7 percent in after-hours trading Wednesday after the company reported annual revenues topping $1 billion for the first time. The company also exceeded Wall Street expectations for quartertly revenues and profits and announced it would buy back $300 million in shares.