Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Markets & Finance

Goldman Sachs Cuts Red Hat to Underperform

Goldman Sachs downgraded Red Hat (RHAT) to underperform from in-line, citing the company's acquisition of JBoss.

Analyst Rick Sherlund says the deal leads the company into direct competition with software companies such as Oracle (ORCL), and IBM (IBM), which are two of Red Hat's important partners. He says Oracle seems likely to align with a competing Linux distribution in an effort to deliver a bundled, integrated, and open source infrastructure stack of its own. He says a divided market could invite greater competition for Red Hat. He suggests investors be more cautious on the stock near term as Oracle unveils its own open source stack initiative. He maintains his 30 cents fiscal year 2007 (ending February) and 42 cents fiscal year 2008 estimates.

blog comments powered by Disqus