Red Hat, its new parent IBM, along with Intel, Microsoft and China-based Tencent are among the high-tech giants joining a collaborative effort to drive adoption of what’s called “confidental computing.”
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Ken King, General Manager, OpenPOWER at IBM, explains IBM’s move to further embrace Linux, the open source community on which Raleigh-based Red Hat is based. IBM recently acquired Red Hat for $34 billion.
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Our latest wrapup of technology headlines includes news about Fortnite and Stranger Things, the iPad previewied in 2001; Microsoft-Linux security; Cree’s stock; and updating T-Mobile merger with Sprint:
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On May Day known for being a day of “red,” it seems fitting that this is the time for Red Hat to drop its trademark red fedora logo. But that doesn’t lessen the impact of the change.
Read MoreRed Hat Inc. (NYSE: RHT) on Wednesday reported fiscal second-quarter profit of $86.9 million, but the Linux and open source software and services firm fell short on revenue and earnings forecasts as expected by analysts.
Read MoreJim Whitehurst has sold $6.3 million worth of stock in Red Hat, according to a securities filing.
Read MoreRed Hat’s latest financials topped Wall Street analysts’ expectations, sending RHT shares spiking upward to a record high in after-hours trading.
Read MoreIs Red Hat on the shopping list for Google? Could be. But the cost would not be cheap with Red Hat’s stock having nearly doubled in price over the past year. A takeover would likely cost more than $30 billion and spark a bidding war. At that price a deal would rank among the most expensive ever in tech.
Read MoreRed Hat, its stock soaring, is a “cloud king,” declares CNBC business host Jim Cramer.
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