For the first time I'm scared for open source. Not open source as a global movement and way of doing business and software development - that's safe..
No, I worry for Red Hat. As I, if Red Hat's stock continues to tumble it becomes ripe for an Oracle acquisition. , growing quarter after quarter.
But Wall Street doesn't seem to care. To help telegraph its own confidence in its future, Red Hat has now initiated a $125 million share buyback to hold up its share price.
Let's hope it works. Losing Red Hat as an independent open-source vendor would effectively call an end to open source as a standalone software strategy. Some may cheer at this prospect, but I think the software world would be poorer for having open source serve as a minor component in everyone's arsenal, rather than having Red Hat showcase that it's a viable business strategy on its own.
Customers would also be poorer, as The VAR Guy notes. We need an independent Red Hat. We need the market to recognize that open-source Red Hat promises to deliver more value for lower cost in a recessionary market. Customers appreciate that fact and will buy into it. When will Wall Street recognize what customers already know?