Press Release: 02/02/2000 - TheStreet

News Releases

FOR IMMEDIATE RELEASE

RED HAT DEBUTS WIDE OPEN NEWS AT LINUXWORLD, ANNOUNCES PARTNERSHIP WITH THESTREET.COM Editorially-independent Wide Open News Cuts Through Information Jungle, Offers One-Stop Shop for Linux/Open Source News and Analysis for Technology Professionals

NEW YORK, Feb. 2, 2000 -

Red Hat

, Inc. (NASDAQ:

RHAT), the market leader in open source solutions, today debuts Wide Open News, provider of 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 over 80 experienced financial journalists.

Wide Open News, in beta since November, presents its full product today at LinuxWorld (Booth #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-organized in recognition of their busy workloads and schedules.

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 front lines."

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 Standard

.

"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, recognizing 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 Web site."

"Red Hat recognizes 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."

About Red Hat, Inc.

Founded in 1994, Red Hat (NASDAQ:

RHAT) is the market leader in open source solutions. Web address:

www.redhat.com.

About TheStreet.com

TheStreet.com Inc. (Nasdaq:

TSCM) is publisher of TheStreet.com, a leading Web-based provider of financial news and commentary. TheStreet.com was founded in 1996, with an editorial team of over 80 experienced financial journalists based in New York City, San Francisco, Silicon Valley and London, and commentators throughout Europe and Asia. Under a recently announced strategy, the Company's main site at

www.thestreet.com will become entirely free in the second quarter of 2000, augmented by a network of sites including RealMoney.com, a subscription-based commentary site featuring columnists including James J. Cramer, Herb Greenberg, Adam Lashinsky and more than two dozen others. TheStreet.com, Inc. has established strategic alliances with The New York Times, FOX News Network, Israel's Ha'aretz Group, America Online, Yahoo!, E*TRADE, DLJ

direct

, Intuit, 3Com and other leading companies. TheStreet.co.uk, a financial news site majority owned by TheStreet.com and intended for U.K. investors, will launch in the first quarter of 2000.

Back to News Releases Index.