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Red Hat Is Now Part of the S&P 500 128

Posted by Soulskill on Saturday July 18, 2009 @11:26AM from the stock-build dept.

phantomfive writes "Red Hat has made it onto the S&P 500, an important measure of the stock market. It is replacing CIT, which is expected to go bankrupt after the government refused to bail them out. Red Hat is the first Linux company to make it on to the S&P 500. While this means little directly for the company, it is an indication of the importance Linux is taking on in the world."

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Red Hat Is Now Part of the S&P 500

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Let Me Be the First To Say... (Score:5, Funny)

by SilverHatHacker ( 1381259 ) writes: on Saturday July 18, 2009 @11:28AM (#28741039)

Congratulations.
Could this be the Year of the Linux Stock Market?

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Re:Let Me Be the First To Say... (Score:2, Funny)

by oneirophrenos ( 1500619 ) writes: on Saturday July 18, 2009 @11:29AM (#28741051)

Yeah, congratulations to Red Hat for replacing a bankrupt company!

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Finally! (Score:3, Funny)

by Anonymous Coward writes: on Saturday July 18, 2009 @12:11PM (#28741361)

2009 - the year of Linux on the stock market
Next milestone - the desktop!

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Re:Benefit of being in S&P 500 (Score:5, Funny)

by oldhack ( 1037484 ) writes: on Saturday July 18, 2009 @01:09PM (#28741761)

Now the god damn commies are in my portfolio.

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Re:Red Hat Enterprise Linux may be Linux... (Score:3, Funny)

by Datamonstar ( 845886 ) writes: on Saturday July 18, 2009 @03:54PM (#28742949)

Look, see, It's sorta like this. Say I was to buy you a beer. And that beer would be free. To you. And then you could drink it. And get drunk, I suppose. And then, if I was drinking my beer that I had to pay for then I'd be drunk as well eventually, and then, well...

I just forgot what I was going on about, but I really could use a beer right now.

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