10/27/2006

Red Hat won’t cut prices because of Oracle

Filed under: — By Aviran Mordo @ 10:29 am

Linux software distributor Red Hat Inc. will not cut prices even though bigger rival Oracle Corp. is launching similar services for half the price, Red Hat’s chief executive said on Friday.

CEO Matthew Szulik made the comments to cable channel CNBC a day after Red Hat’s shares plunged 24 percent because Oracle Chief Executive Larry Ellison said he hoped to win over some of the smaller company’s business by offering steep discounts.

Szulik said he welcomed the competition and that Red Hat would continue to work with Oracle to sell products alongside Oracle databases and software designed to work on the Linux operating system.

“We’ve had a very productive seven-year relationship with Oracle,” Szulik said. “We want to make sure our products perform very well with Oracle.”

Source: Reuters

 

Leave a Reply

You must have Javascript enabled in order to submit comments.

All fields are optional (except comment).
Some comments may be held for moderation (depends on spam filter) and not show up immediately.
Links will automatically get rel="nofollow" attribute to deter spammers.

Powered by WordPress