10/25/2006

Oracle backs Linux in competitive stab at Red Hat

Filed under: — By Aviran Mordo @ 10:04 pm

Oracle Corp. on Wednesday made its boldest move into Linux open source software, taking direct aim at top Linux distributor Red Hat in a bid to wrest away its rival’s customers.

Red Hat shares fell 16 percent as Oracle offered to provide half-price technical support to Red Hat Linux users, threatening the customer support fees that provide the smaller software company with a key portion of its revenue.

Source: Reuters

 

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