Red Hat(r), the market leader in open source solutions, today debuts Wide Open
News, an online resource for up-to-the-minute news and analysis on Linux and
open source software. Meantime, Red Hat and Wide Open News announced a new
content partnership with TheStreet.com, (NASDAQ:TSCM), a leading Web-based
provider of financial news, commentary and information staffed by an editorial
team of 80 experienced financial journalists.
Wide Open News, in beta since November, presents its full product today at
LinuxWorld (Booth No. 445.) Available at www.wideopen.com and www.redhat.com,
the site is geared for IT managers and other computer/ business professionals
seeking news, analysis and other useful information about Linux and open source
— well-edited and well-organised in recognition of their busy workloads and
TheStreet.com (www.thestreet.com) adds sophisticated Wall Street coverage of
Linux, open source, and other technologies for Wide Open News readers. "In
return, Wide Open News introduces TheStreet.com's top-notch financial content
to a readership likely to be interested in the kind of investment information
TheStreet.com's Web offerings provide," said Russ Mitchell, editor in chief of
Wide Open News.
"We're looking forward to a powerful partnership with Red Hat, a true pioneer
in the open-source movement," said TheStreet.com Chief Executive Officer Thomas J.
Clarke. "TheStreet.com's coverage of technology stocks is second-to-none, and
we're pleased to join forces with Wide Open News, which covers Linux from the
Wide Open News is staffed by professional journalists. Editor in Chief
Mitchell, most recently senior technology writer for U.S. News & World Report, is guiding
Wide Open News' editorial development. Mitchell was formally managing editor of
Wired, Silicon Valley bureau chief of Business Week, and Vannevar Bush Fellow
at the Massachusetts Institute of Technology. Recent Wide Open News editorial
hires include Anne Speedie, a former editor at Wired, as well as Patricia Krueger,
also a former editor at Wired and special projects writer for The Industry
"Original Wide Open News content, complemented by a network of brand-name
content partners, will ensure that our readers receive some of the
best-written, highest-quality journalism on the Web," Mitchell said.
TheStreet.com joins established Wide Open News partners Salon, The Register,
and The Industry Standard.
Wide Open News is owned by Red Hat. Top Red Hat executives, recognising the
importance of unbiased reporting, are committed to editorial independence at
Wide Open News. "We wouldn't do it any other way," said Chairman Bob Young. To
anyone with doubts, Mitchell said, "Check us out. The proof is in the Website."
"Red Hat recognises the need to filter the incredible amount of open source
information available today and to meet these growing needs, Wide Open News was
created to deliver a comprehensive, unbiased news site,'' said Young. "Red Hat
supports the social principles of the open source movement. To ensure Wide Open
News adopts the same set of values and becomes a trusted source for
information, it employs an independent editorial staff.'' - ends - About TheStreet.com, Inc.
The Street.com, Inc. (NASDAQ:TSCM) is a leading Web-based provider of financial
news and commentary. The company's main site at www.thestreet.com will become
entirely free in the second quarter of 2000, augmented by a network of free and
About Red Hat, Inc. Founded in 1994, Red Hat is a leader in the development of
Linux-based operating system software (OS) and services. Based in Durham, N.C.,
Red Hat builds the most accessible and advanced server OS available anywhere
with technical innovations such as RPM and the disk druid installation tool.
Red Hat Linux is available for Intel, Compaq Alpha and Sun SPARC platforms. Red Hat
Linux available directly from the company and through Red Hat's partner,
distributor and reseller programs, which include top PC and server
manufacturers like Dell, IBM and Hewlett-Packard.
Red Hat Linux was named InfoWorld's Product of the Year for four years in a
row, was given a productivity accolade in Software Development's Jolt Awards, was
named an environment/desktop finalist in the Ziff-Davis European Excellence
Awards, won the editor's choice awards from the Linux Journal and Australian
Personal Computing magazines, and won the 'Just Plain Cool' award from
Australian Personal Computing magazine.
At March's LinuxWorld Expo, more than 8,000 members of the Linux community
voted Red Hat a 'LinuxWorld Favorite'. Red Hat Linux recently won a Product
Excellence award from Software Development Magazine.
LINUX is a trademark of Linus Torvalds. RED HAT is a registered trademark of
Red Hat, Inc. UNIX is a registered trademark of The Open Group. All other names and
trademarks are the property of their respective owners.
About Red Hat
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.
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; the integration of acquisitions and the ability to market successfully acquired technologies and products; uncertainty and adverse results in litigation and related settlements; 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.