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Red Hat, Inc. (Nasdaq:RHAT), a leader in developing, deploying and managing open source Internet infrastructure, today announced its inclusion in the Standard 100 powered by Epoch Partners, the premiere stock index tracking the Internet Economy. Created by Standard Media International ("The Standard"), the leading source for intelligence for the Internet Economy, and Epoch Partners, the foremost leader of technology-enabled investing, the Standard 100 includes the most influential companies driving the Internet Economy. Red Hat is the only open source Linux solutions vendor that has been chosen to be part of the Standard 100.
Tracked on the American Stock Exchange under the ticker symbol XIS, the Standard 100 is expected to become the bellwether of the Internet Economy. Unlike other Internet indices, the Standard 100 will be vigilantly maintained with three quarterly reviews and an annual rebalancing. Additionally, a log-cap weighting scheme successfully captures the size factor of companies represented in the Index. This weighting scheme precludes large companies from capturing excessively large weights and allows smaller cap weighted companies to have fair representation and a stronger impact.
"Inclusion in the Standard 100 is further validation of Red Hat's talented executive management, our continued delivery of Internet infrastructure solutions and services and our ability to execute our stated financial goals," said Kevin Thompson, Red Hat's Chief Financial Officer. "As the market leader in the open source marketplace, and the first Linux company to be publicly traded, Red Hat is a pioneer of new ecosystems within the Internet economy."
Information about the Standard 100 and Red Hat will be featured as the cover story of The Standard's November 20th issue, on sale November 13th. The information will also be available online at www.thestandard.com.
About The Standard
Headquartered in San Francisco and located on the Web at www.thestandard.com, The Standard is the essential source for business intelligence on the Internet Economy. Through The Industry Standard, its weekly newsmagazine; TheStandard.com, its daily news outlet and business intelligence resource; its conferences and events; and its e-mail newsletters, research, recruiting and market-making offerings, The Standard provides a new breed of business leaders with the information and resources they need to succeed in the Internet Economy. The Standard has offices in Los Angeles, New York, Washington, D.C., and London, and is owned by Standard Media International, a private company majority owned by IDG.
About Epoch Partners
Epoch Partners is a technology-enabled investment bank focused on high-growth companies and electronically connected institutional and individual investors. Epoch has assembled a team of experienced investment banking, research, trading and technology professionals to build the next generation investment bank. Epoch's unique approach to investment banking includes using technology to provide superior market intelligence to issuers and investors. For issuers, Epoch uses proprietary data to improve the pricing and distribution of securities. For all investors, Epoch provides unique research insight by fusing its analysis with relevant third party commentary. For the institutional trading community, Epoch provides enhanced investment and portfolio analysis tools in addition to an unconflicted trading platform.
Through partnerships with Charles Schwab, Ameritrade and TD Waterhouse, Epoch has exclusive access to a fast-growing, electronically connected investor base that consists of more than 10 million accounts. These accounts have combined investable assets of close to 1.5 trillion dollars and account for more than fifty percent of all online assets. Epoch's investors include its three online brokerage partners and Benchmark Capital, Kleiner Perkins Caufield & Byers, Trident Capital and Reuters Venture Capital.
About Red Hat, Inc.
Red Hat, the world's leading open source and Linux provider, is headquartered in Raleigh, NC with satellite offices spanning the globe. Red Hat is leading Linux and open source solutions into the mainstream by making high quality, low cost technology accessible. Red Hat provides operating system software along with middleware, applications and management solutions. Red Hat also offers support, training and consulting services to its customers worldwide and through top-tier partnerships. Red Hat's open source strategy offers customers a long term plan for building infrastructures that are based on and leverage open source technologies with focus on security and ease of management. Learn more: http://www.redhat.com
Forward-looking statements in this press release are made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934. Investors are cautioned that statements in this press release that are not strictly historical statements, including, without limitation, management's plans and objectives for future operations, and management's assessment of market factors, constitute forward-looking statements which involve risks and uncertainties. These risks and uncertainties include, without limitation, reliance upon strategic relationships, management of growth, the possibility of undetected software errors, the risks of economic downturns generally, and in Red Hat's industry specifically, the risks associated with competition and competitive pricing pressures, the viability of the Internet, and other risks detailed in Red Hat's filings with the Securities and Exchange Commission, copies of which may be accessed through the SEC's Web site at http://www.sec.gov.
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