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

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

An index of companies shaking up traditional business models.

Red Hat showed the biggest change last week of all the Disruptive Technology Portfolio companies, falling more than 19% after its 2Q earnings announcement on Tuesday. The report revealed a sequential decline in billings, affecting Red Hat's cash flow.

The company explained that internal issues caused these results; namely, sales disruptions due to JBoss integration, changes in the sales organization in the Asia-Pacific region, and a shift toward annual billing for multiyear deals. This explanation rang hollow with investors, however, as Red Hat's results raised some questions about whether growth rates for the core Linux operating system market were decelerating. The uncertainty put pressure on Red Hat's stock, which fell about 23% overnight.

Overall last week, the Disruptive Technology Portfolio and the S&P 500 both increased slightly. The DTP closed up 0.5%, with 15 stocks up and 15 down. The S&P 500 was up 0.9%.

Disruptive Technology Portfolio
    Stock Price
9/27/06
% Change
Weekly
% Change
Year To Date
AAPL Apple Computer $76.41 1.5% 6.3%
ATYT ATI Technologies $21.66 -1.7% 27.5%
BIDU Baidu.com, Inc. $88.57 2.4% 40.8%
BBBB Blackboard $27.93 2.8% -3.6%
BRCM Broadcom $29.75 5.5% -5.4%
CNQR Concur Technologies $15.08 -3.1% 17.0%
CRM salesforce.com $37.51 5.6% 17.0%
CTSH Cognizant Technology $75.06 3.3% 49.3%
DRIV Digital River $51.74 4.4% 74.0%
EBAY Ebay $27.12 3.7% -37.3%
GOOG Google Inc. $402.92 1.5% -2.9%
INFY Infosys $48.24 2.1% -40.3%
KNXA Kenexa $25.87 -5.8% 22.6%
MFE McAfee $24.24 0.0% -10.7%
MRVL Marvell $19.67 -3.5% -64.9%
NOVL Novell $6.10 -4.4% -30.9%
NSR Neustar $27.56 -3.1% -9.6%
NVDA Nvidia Corp. $30.14 -2.7% 64.9%
RHAT Red Hat $20.21 -19.4% -25.9%
RIMM Research in Motion $86.20 -3.0% 30.6%
RNOW RightNow Tech $16.30 -0.5% -11.7%
TLEO Taleo $10.00 -0.5% -24.7%
TIBX TIBCO, Inc. $8.86 -4.8% 18.6%
TXN Texas Instruments $33.27 2.9% 3.7%
ULTI Ultimate Software $23.94 0.2% 25.5%
VRSN Verisign $20.94 -4.8% -4.4%
WEBX WebEx Communications $39.85 3.0% 84.2%
WIND Wind River $10.84 -1.6% -26.6%
WIT Wipro $13.03 0.9% 9.0%
YHOO Yahoo! Inc. $24.65 -3.9% -37.1%
  DTP Index Value $222.88 0.5% 0.9%
SPX S&P 500 $1,336.59 0.9% 7.1%

© 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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