Interesting Red Hat / Novell news

[Troy Johnson <john1536@tc.umn.edu>]

http://www.zdnet.com/pcweek/stories/news/0,4153,1015740,00.html

> Novell invests in Red Hat
> By Todd Spangler, Inter@ctive Week
> July 28, 1999 12:51 PM ET
> 
> To encourage new applications for its directory server, Novell Inc. has
> invested more than $15 million in five Internet companies: Edgix, Food.com,
> Indus River, Red Hat Software and W.R. Hambrecht. 
> 
> Through Novell Ventures -- previously called the Novell Internet Equity Fund
> -- the Provo, Utah, company said Tuesday it has taken minority positions in
> each of the five companies to develop the market for directory-based
> applications on the Web, specifically to drive sales of NDS (Novell Directory
> Services). 
> 
> The investments are the latest effort from Novell to position NDS as an
> "Internet-ready" product that is capable of scaling to handle as many as 1
> billion entries. 
> 
> NDS traditionally has been used by companies to manage their own internal
> networks, but Novell has expanded the number of platforms it runs on -- with
> a Linux version of NDS planned -- in order to make it more attractive to
> Internet businesses. 
> 
> Novell said that since the Internet-oriented investment fund was launched in
> September 1997, it has funded 12 companies. 
> 
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> 
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