Red Hat news

Joe Barrera (
Fri, 25 Sep 1998 22:03:53 -0700

<> Intel, <> Netscape, and some
venture capital firms are said to be preparing to announce a deal on Tuesday
under which the companies will take equity stakes in software vendor
<> Red Hat Software, which makes a version of the
Linux operating system.

Intel declined comment on the situation, but sources close to Red Hat said
that a deal will be announced Tuesday. At the moment, terms and conditions
are still being worked out. Red Hat is privately held.

If such a deal goes through, it would likely represent a shift in Intel's
relationship with <> Microsoft, as well as its
software investment strategy.