Posts tagged “Red Hat”
In announcing the first four selections for the new Entrepreneur Hall of Fame, the Council for Entrepreneurial development also provides succinct biographies. Here they are - with photos.
The Council for Entrepreneurial Development's new Hall of Fame is kicking off with a powerful lineup of honorees: The father of venture capital in North Carolina, the co-founder of Quintiles, a longtime tech industry lawyer, and the irrepressible co-founder of Red Hat.
At Tuesday's Full Steam Ahead Awards presented by WRAL Tech Wire at Motorco in Durham, 12 entrepreneurial companies were recognized with the customary conductor's hat and train whistle as leaders in their category. Another five individuals were recognized for their careers of service.
HQ Raleigh and Red Hat each captured two awards in WRAL TechWire's fourth "Full Steam Ahead Awards" on Tuesday night. Dave Rizzo, foounder of NC IDEA and IDEA Fund Partners, and Research Triangle Regional Partnership CEO Charles Hayes are among five lifetime service award recipients.
Red Hat beefs up 'cloud' offering; new cholesterol drugs falter; Airbnb updates; EU-Google battle intensifies
In today's Bulldog wrapup of technology and life science news: Red Hat expands its cloud offerings; new cholesterol lowering drugs hurt by prices; Airbnb updates its offerings; and the EU vs. Google battle intensifies.
Red Hat just last year cracked $2 billion in revenue for the first time - a strong growth rate of 15 percent. But CEO Jim Whitehurst is far from satisfied. he wants $5 billion in five years - and he says the Hatters will have to double the size of their work force to get there.
Vulnerabilities in Raleigh-based Red Hat JBoss software were not the reason why MedStar Health was hacked recently, the hospital chain says. MedStar issued a statement Wednesday about the incident after an Associated Press story reported that hackers did exploit flaws.
Jim Whitehurst is one happy CEO, and the top executive at Red Hat has multiple reasons for smiling as the Raleigh-based open source software and solutions provider topped $2 billion in revenue for the first time. A big revenue driver is "cloud computing," as Whitehurst explains to Wall Street analysts in a conference call Tuesday evening.
Using IoT - short for Internet of Things - is easy as hype. Reality is a different matter. On Tuesday, Red Hat said it is launching a partnership with machine-to-machine tech provider Eurotech to help enterprises bridge the gap between hype and reality for operational technology.
Engineers at Red Hat and Google have discovered what is termed a "critical" flaw in Linux and "remote code execution is possible." The companies are recommending that Linux users - including numerous versions of Red Hat Enterprise Linux - fix the bug immediately. Google calls the joint discovery of the bug "an amazing coincidence."
Red Hat an analyst top '16 pick; Kalobios bakruptcy; Apple's $350M tax deal; offensive trademarks case
In today's Bulldog wrapup of technology and life science news: Red Hat is a "top pick" for 2016 according to one Wall Street analyst; Kalobios files for bankruptcy; Apple agrees to pay $350 million in Italian tax case; and a federal appeals court says offensive trademarks can't be rejected.
Looking ahead to 2016, Red Hat CEO Jim Whitehurst is brimming with confidence. After an earnings report that beat expectations and seeing 20 analysts in one day - one day! - raise their share target price last week, Whitehurst says he has numerous reasons to be confident.
Red Hat's quarterly financials and revenue forecast are generating excitement on Wall Street with a whopping 20 analysts upping their expectations. Shares soared more than 6 percent to a new 52-week high after the Hatters disclosed earnings Thursday, and Friday morning 20 analysts firms upped their share target prices to as high as $98.
Jim Davis, the long time executive vice president and chief marketing officer at SAS, is taking on the same title at Informatica. In an interview Friday, Davis disclosed what he will be doing at the California-based big data company and why he chose to leave SAS. Informatica's CEO says he's glad to have Davis onboard.
Red Hat shares surged more than 6 percent in after-hours trading to a 52-week high Thursday after earnings beat Street expectations. Revenue fell short a bit short of estimates. And its earnings forecast is mixed. A strong dollar cut significantly into Red Hat's performance. But investors like what they heard.