Dell Founder Invests $99.5M in Red Hat

[speed3okie]

RALEIGH, N.C. - The investment firm that manages the private fortune of Dell Inc. founder Michael Dell invested $99.5 million in Red Hat Inc., the world's largest distributor of the

Linux computer operating system, according to regulatory filings.

ADVERTISEMENT

The investment by MSD Capital was the largest by any single company from a $600 million bond issue in January 2004. Raleigh-based Red Hat disclosed Dell's investment in an April 27 filing with the

Securities and Exchange Commission.

MSD Capital manages more than $10 billion exclusively for Dell and his family.

Red Hat spokeswoman Leigh Day and MSD spokesman Todd Fogarty declined to comment Tuesday on Dell's investment.

Shares of Red Hat fell 13 cents to close at $11.24 Tuesday on the Nasdaq Stock Market, near their 52-week low of $10.37.

http://news.yahoo.com/s/ap/dell_red_hat

[Jon 5]

It is good to see big name companies investing in Linux. I am not a big Red Hat fan but hopefully this will put Linux as a whole in the limelight and get it better known and get it more support. :)

[speed3okie]

Any help towards linux is a good thing...Scott

[struct]

I didn't know he was that rich, sheesh.

[emo]

cool to hear.