Why Should Red Hat Be Allowed To Rewrite Wall Street_s Rules?

This election season_s flock of presidential hopefuls could learn a lot by watching how CEOs of high-tech companies spin bad news into sunshine. The latest virtuoso performance came earlier this week, when Red Hat president and CEO Matthew Szulik commented on his company_s unexpectedly wide loss of $3.5 million (US$) in its third quarter. According to Szulik, "An increase in global demand for Red Hat Linux, an increase in the need for services from corporate accounts, an increase in the contribution of Red Hat_s global offices, and an increase in the demand for the content and customers of Redhat.com" were contributing factors. "Red Hat continues to scale its global capabilities to meet the growing demand for Red Hat products, services and information," he added.