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Red Hat Is Now Part of the S&P 500

Posted by Soulskill on 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."

6 of 128 comments (clear)

  1. Let Me Be the First To Say... by SilverHatHacker · · Score: 5, Funny

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

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    Funny may not give karma, but +5 Informative never made anyone snort coffee out their nose.
  2. Benefit of being in S&P 500 by SpinyNorman · · Score: 5, Informative

    There is a benefit to stockholders since being in the S&P 500 creates instant demand - it means that all the S&P 500 index funds need to buy your stock!

    1. Re:Benefit of being in S&P 500 by oldhack · · Score: 5, Funny

      Now the god damn commies are in my portfolio.

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  3. Index funds by andhar · · Score: 5, Informative

    Inclusion in the S&P 500 could mean some index funds will have to acquire some shares. Inclusion in an index is usually seen as positive, and falling out of an index is seen as negative, when index funds have to sell.

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  4. de-spin by girlintraining · · Score: 5, Informative

    Red Hat has made it onto the S&P 500, an important measure of the stock market.

    First, the S&P members are selected by committee, not by merit alone. Companies are (usually) included because they have a high liquidity and are "representative" of their industry. Not that Red Hat being selected isn't good news, just understand they're not selecting it because of the "runaway success of Linux", but because Red Hat is representative of the overall health of this segment of the industry.

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    1. Re:de-spin by morgan_greywolf · · Score: 5, Informative

      For Red Hat to be representative of their industry, they need to be a healthy and profitable company. While I agree that this doesn't necessarily point to Linux as a being a "runaway success", it is significant to note that Red Hat's flagship product is a distribution of Linux and the various open source tools from GNU, X.org, Gnome, X.org, etc, and that their other products that help to boost their profitable, like JBoss are also open source tools. So yeah, it's a big win for open source because it shows that you can make it to the S&P 500 by being an open source company. That puts things in proper perspective.

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