Oracle Corp. Chief Executive Larry Ellison posed a challenge to Linux software leader Red Hat Inc. on Wednesday by announcing Oracle would begin offering maintenance services for Red Hat products -- and charge less for it than Red Hat does. Is a takeover on the way?
October 27, 2006 at 12:00 AM
1 minute read
Oracle Corp. Chief Executive Larry Ellison is shaking up the software industry again, only this time a takeover bid isn’t involved — yet.
Ellison posed a challenge to Linux software leader Red Hat Inc. late Wednesday by announcing that Oracle would begin offering maintenance services for Red Hat products — and charge less for that than Red Hat does. Red Hat shares were crushed by the news.
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