This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

TechWeek: JBoss Boss Puts on the Red Hat

By the end of the month, JBoss, the open-source application company that made Wall Street sit up and take notice, will be nestled in the arms of Red Hat (RHAT).

JBoss CEO Marc Fleury, who will play a key role in the combined operation, has been known as something of a hard-charging, enfant terrible. But as befits someone who'll be the No. 2 executive of a $5 billion software company (and a man on the verge of becoming a father for the fourth time), Fleury has been striking a more statesmanlike pose recently, with good words for even once-bitter enemies, including Microsoft (MSFT - Get Report).

But he has yet to rein in his ambition, and he makes little effort to hide his disdain for Oracle (ORCL - Get Report) CEO Larry Ellison, who made an unsuccessful bid for JBoss. Fleury's next goal: Make Red Hat the first pure-play open source provider to hit the $1 billion mark in annual revenue. In an interview this week, Fleury talked about Oracle's open source ambitions, Red Hat's strategic direction and why he ditched plans for an IPO. Here are some excerpts: When the merger was announced, there was a lot of talk that Red Hat and JBoss would lose the support of former allies -- particularly IBM(IBM) -- who are now worried that the combined company will become too powerful -- the Microsoft of the open source world. Is this a concern?

Marc Fleury: Obviously, that was something we worried about even prior to the announcement. None of the big vendors wanted to see another big vendor on the scene. But it's IBM's silence that is the most worrisome. The only communication we've heard is from IBM's [hardware group], saying this is not changing the relationship, whatsoever.

What about the software folks at Big Blue, not to mention your current partners, like Novell(NOVL)?

Nothing. We heard that when Steve Mills [IBM's software czar] got the news he sat silent for a full two minutes and then said, "Well, that comes as a surprise." We've heard that the words flying around inside IBM are "Microsoft and 1985." They are very paranoid. But open source is a very different thing; it's not a monopoly.
1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
MSFT $49.87 0.00%
ORCL $39.86 0.00%
AAPL $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs