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RHT:NYSE – Large Cap Stock (Application Software)

Red Hat Inc – RHT Stock Overview

Last PriceToday's Change52-Week RangeTrading Volume
54.990.00 (0.00%)46.34 - 60.002.6 million (Above Avg)

Market data as of 4:03PM 05/17/13. Quotes are delayed by at least 15 min.

Press Release

Red Hat Reinforces Java Commitment and Assumes Leadership of OpenJDK 6 Community

Business Wire - Thursday 03/07/2013 9:00 AM ET

Transition underscores dedication to the open source spirit of Java and the organizations that rely on it for mission-critical enterprise applications and infrastructures

RALEIGH, N.C.--(BUSINESS WIRE)--Mar. 7, 2013-- Red Hat, Inc. (NYSE: RHT), the world’s leading provider of open source solutions, today announced it has transitioned into a leadership role for the OpenJDK 6 project, effectively extending support for the technology and its users. The move reinforces Red Hat’s commitment to the broader Java community and its future as a leading platform for mission-critical enterprise applications.

In addition to taking on leadership of the OpenJDK 6 community, Red Hat maintains its role in setting the future direction for the OpenJDK project as an active board member, represented by Red Hat’s long-time Java technical lead, Andrew Haley, enabling the company to continue to help drive the future of Java and of OpenJDK. Red Hat’s vision includes better overall performance and manageability while enabling greater functionality around dynamic scalability and cloud computing.

“To say that Java plays an important role in today’s enterprise IT would be an understatement,” said Craig Muzilla, vice president and general manager, Middleware, Red Hat. “It has had a profound impact on the creation and integration of technologies that have ushered us into the 21st century, shaping everything from banking and retail to transportation and research, and Red Hat is leading the charge. We want to see that continue, not only for the thousands of organizations running OpenJDK 6 and Java SE 6, but for users of future versions as well.”

OpenJDK is an open source implementation of the Java specification. Red Hat has been a leading contributor to the OpenJDK community for more than five years, following an agreement with Sun Microsystems, and its customers have enjoyed the benefit of a highly optimized, accelerated runtime for Red Hat JBoss Middleware in a Linux environment.

“Red Hat has done well to stand by its decision to continue supporting and investing in Java,” said Al Hilwa, program director for IDC’s Application Development Software research. “The company’s leadership and success as an open source enterprise technology provider give credibility to its vision for the future of OpenJDK and goal of driving innovation in Java.”

Java is a preeminent fixture in the global software development community. According to GitHub, one of the top open source code repository sites, Java continues to be among the most popular languages today, as well as being one of the highest-tagged languages on Stack Overflow, a user-driven question and answer site for topics related to programming. Other languages, including Scala, Groovy, Clojure, Gosu and Ceylon, only run on the Java Virtual Machine (JVM), contributing to its popularity. This sentiment is also reflected in the TIOBE Programming Community Index, a measure of the popularity of programming languages, calculated from the number of search engine results for queries containing the name of the language.

Additional Resources

Connect with Red Hat

About Red Hat, Inc.

Red Hat is the world's leading provider of open source software solutions, using a community-powered approach to reliable and high-performing cloud, Linux, middleware, storage and virtualization technologies. Red Hat also offers award-winning support, training, and consulting services. As the connective hub in a global network of enterprises, partners, and open source communities, Red Hat helps create relevant, innovative technologies that liberate resources for growth and prepare customers for the future of IT. Learn more at http://www.redhat.com.

Forward-Looking Statements

Certain statements contained in this press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: risks related to delays or reductions in information technology spending; the effects of industry consolidation; the ability of the Company to compete effectively; uncertainty and adverse results in litigation and related settlements; the integration of acquisitions and the ability to market successfully acquired technologies and products; the inability to adequately protect Company intellectual property and the potential for infringement or breach of license claims of or relating to third party intellectual property; the ability to deliver and stimulate demand for new products and technological innovations on a timely basis; risks related to data and information security vulnerabilities; ineffective management of, and control over, the Company's growth and international operations; fluctuations in exchange rates; and changes in and a dependence on key personnel, as well as other factors contained in our most recent Quarterly Report on Form 10-Q (copies of which may be accessed through the Securities and Exchange Commission's website at http://www.sec.gov), including those found therein under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations". In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic and political conditions, governmental and public policy changes and the impact of natural disasters such as earthquakes and floods. The forward-looking statements included in this press release represent the Company's views as of the date of this press release and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of this press release.

Red Hat and JBoss are trademarks of Red Hat, Inc., registered in the U.S. and other countries. Linux® is the registered trademark of Linus Torvalds in the U.S. and other countries.

Source: Red Hat, Inc.

Red Hat, Inc.
Daniel Thompson, 978-589-1059
dthompso@redhat.com

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