Red Hat Closes SF, Office, Lays Off Staff 147
pmccallick writes: "Wired is reporting that Red Hat just closed its SF office. The article goes beyond stating the facts to suggest that RH's business model is flawed." To be fair, the article also quotes an analyst who points out that Red Hat "has $320 million in cash on hand, that it consistently meets quarterly revenue expectations, and that its gross margins are improving."