Credit Suisse Disruptive Technology Portfolio Mover Of The Week: Server Fears Hit Red Hat - InformationWeek

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Credit Suisse Disruptive Technology Portfolio Mover Of The Week: Server Fears Hit Red Hat

An index of companies shaking up traditional business models.

Open source software bellwether Red Hat tumbled almost 7% last week, contributing to a decline in the larger Credit Suisse Disruptive Technology Portfolio. A slowdown in Linux server shipments hurt Red Hat shares, as did continuing worries that Oracle might become a more direct competitor to Red Hat.

Research firm Gartner published a report last week showing that Linux server shipments grew only 32% year over year in the first quarter of 2006. While 32% is respectable growth, it's down from the 45% growth rate of 2005. It's still unclear whether the lower server shipment growth was caused by 1Q seasonal issues or something more fundamental to the market, but the report clearly made investors worry about Red Hat's growth potential. In addition, there has been speculation that Oracle would begin offering Linux-based middleware to compete with Red Hat ever since Red Hat acquired open source software vendor JBoss in March. Broad declines in tech stocks also hurt Red Hat shares last week.

Disruptive Technology Portfolio
    Stock Price
5/24/06
% Change
Weekly
% Change
Year To Date
AAPL Apple Computer $63.34 -2.9% -11.9%
ATYT ATI Technologies $15.30 -5.0% -9.9%
BIDU Baidu.com, Inc. $83.98 0.0% 33.5%
BBBB Blackboard $28.92 -1.2% -0.2%
BRCM Broadcom $33.80 -9.8% 7.5%
CNQR Concur Technologies $14.08 -0.5% 9.2%
CRM salesforce.com $28.47 -5.6% -11.2%
CTSH Cognizant Technology $60.83 -5.4% 21.0%
DRIV Digital River $46.10 -0.9% 55.0%
EBAY Ebay $30.20 2.3% -30.1%
GOOG Google Inc. $381.25 1.8% -8.1%
INFY Infosys $68.69 -7.8% -15.1%
KNXA Kenexa $32.19 1.3% 52.6%
MFE McAfee $24.20 -3.1% -10.8%
MRVL Marvell $51.26 1.8% -8.6%
NOVL Novell $7.75 -1.1% -12.2%
NSR Neustar $32.27 -0.6% 5.8%
NVDA Nvidia Corp. $24.05 -3.6% 31.6%
RHAT Red Hat $26.24 -6.8% -3.7%
RIMM Research in Motion $64.40 -8.2% -2.4%
RNOW RightNow Tech $15.79 -9.2% -14.5%
TLEO Taleo $12.56 -9.5% -5.4%
TIBX TIBCO, Inc. $7.66 -3.9% 2.5%
TXN Texas Instruments $31.83 -1.0% -0.7%
ULTI Ultimate Software $21.64 -0.4% 13.5%
VRSN Verisign $21.80 -1.8% -0.5%
WEBX WebEx Communications $34.64 5.0% 60.1%
WIND Wind River $9.20 -11.1% -37.7%
WIT Wipro $11.60 -12.6% -2.9%
YHOO Yahoo! Inc. $31.79 5.6% -18.9%
  DTP Index Value 218.26 -1.7% -1.1%
SPX S&P 500 1,258.56 -0.9% 0.8%

© 2006 Credit Suisse. Important disclosure information about potential conflicts of interest regarding the companies referenced above may be obtained at csfb.com/researchdisclosures, or by E-mailing [email protected] or calling 1-877-291-2683.

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Disruptive Technology Portfolio

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