Short bio: Computer Scientist, FOSS supporter (read more)
Tux Machines (TM)-specific
Needham & Co.’s Scott Zeller today kicks off coverage of Red Hat (RHT) with a Buy rating and a $63 price target, writing that “field discussions in our data center software coverage have made increasing mentions of open source alternatives as companies consider their architectures for “data center refresh” and a move to cloud computing for public as well as private cloud buildouts.”
Red Hat’s various offerings are “looking very much like a “stack” (operating system, middleware, virtualization, storage – all open source),” writes Zeller.
The result of that is that Red Hat seems able to expand its “footprint” with customers even in a tough economic environment, he writes.