Top Entrepreneurs... Red Hat Trick

[Frederick Noronha <fred@xxxxxxxxxxxxxxx>]

PLEASE NOTE THIS EXTRACT FROM A RECENT ISSUE OF BusinessWeek

BusinessWeek
Jan. 10, 2000
Cover Story
The Top Entrepreneurs

Red Hat Trick

Bill Gates, watch your back. Here comes ROBERT F. YOUNG. In just 
four years, the former newsletter publisher has made his Red Hat 
Inc. (RHAT) the first name in the burgeoning Linux software 
movement. It's not only a growing threat to Microsoft; it was 
also one of the hottest IPOs of 1999. With shares up roughly 
1,800% since August, Young, 45, now sports a net worth of more 
than $2 billion to go along with his trademark red fedora. His 
masterstroke was securing early support from such heavyweights as 
Compaq, Oracle, and IBM. Though revenues were only around $18 
million in 1999, they're projected to soar to $43 million next 
year. Even better, losses should shrink from $12 million to $5 
million. That's clearly enough for Wall Street, which is betting 
Red Hat will stay red hot.