On the Desktop
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See also: last week's Commerce page.
Red Hat stock repurchase program; financial results. Red Hat, Inc. announced a stock repurchase program. The board of directors has authorized up to 10% of outstanding common shares to be repurchased over the next twelve months. The buy back was triggered last Monday in an effort to buoy stock prices after the U.S. Securities and Exchange Commission said it would allow companies to repurchase stock without meeting the usual volume and timing restrictions. Red Hat currently lists approximately 170 million shares outstanding.
Later this week Red Hat reported its fiscal second quarter results. Red Hat's net loss, including some one-time only items, was $55.3 million, or 33 cents per share, compared with a loss of $20 million, or 12 cents per share, reported one year ago. Without the one-time items the loss was called "slim".
Caldera Announces Restructuring and Consolidation. Caldera International announced details of its recent reduction in force (51 people or 8 percent of the workforce). The company is consolidating unused facilities in Orem, Utah and Santa Cruz, California, streamlining product lines and reducing budgets to allow the company to immediately reduce its overall expenses.
Nortel switches to Red Hat. Nortel Networks has switched their Meridian MAX call center to Red Hat Linux.
Motorola Selects Lineo Embedix Digital Media Core for DCT5000 Family of Advanced Interactive Set-Top Terminals. Lineo, Inc. announced that Motorola Broadband Communications Sector has selected Lineo Embedix(TM) Digital Media core as the initial Linux operating system software for its DCT5000 family of advanced interactive digital set-top terminals.
Trolltech releases Qt PalmTop 1.4. The new release of QT provides basic palm-top applications along with a complete graphical interface that can run on handhelds running a version of embedded Linux.
Xi Graphics releases Beta 3D Graphics Drivers. Xi Graphics has announced the Beta release of Version 2.0 of their Accelerated-X 3D Linux Graphics Drivers (LGDs).
EU IDA study on the use of open source software in the European public sector. The European Commission Interchange of Data between Administration (EU IDA) program has posted a study into the use of open source software in the public sector.
LWN Linux stock page change. Danaher has replaced Microtest in the tier two companies on the LWN stocks page. Fluke Networks announced its completion of the acquisition of Microtest, Inc. on Aug 9, 2001. Fluke Networks, Inc., is part of the Danaher family of companies (NYSE: DHR).
Linux Stock Index for September 17 to September 19, 2001.
The high for the week was 21.54
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Section Editor: Rebecca Sobol.
September 20, 2001