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Red
Hat, Inc. Added to KLD's Domini 400 Social Index
BOSTON,
MA - January 12, 2004 - KLD Research & Analytics,
Inc., an independent investment research firm, announced
today that Red Hat, Inc. (RHAT) has been added to
KLD's Domini 400 SocialSM
Index (DS 400 Index). Red Hat, Inc. is headquartered
in Raleigh, North Carolina.
Red
Hat, Inc. markets a commercial version of Linux,
the open-source operating system. The company also
provides technical support and maintenance services,
custom development, consulting services, training
and education, and hardware certification.
Reasons the company was added to KLD's DS 400
Index
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Red Hat's software products are built with open
source code. Open source code can be looked at
and modified easily, as opposed to proprietary
code that remains hidden. The company also created
the first operating systems for businesses based
on open source code. Proponents of open source
code maintain that the benefits of computer technology
are more likely to spread to different economic
levels of society with the availability of open
source code as compared with restricted, patented
code. In addition, improvements can be made more
rapidly when code is openly available, as well
as fixes for security problems.
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Through its "Open Schools" program, Red Hat provides
any interested accredited school, in the U.S.
and abroad, with open-source software and licenses,
regardless of the school's size or budget. The
company assesses the computing needs of participating
schools, provides open-source software and applications,
and offers technical assistance. The schools provide
their own hardware.
About the KLD Family of Indexes
KLD's Domini 400 Social Index (DS 400 Index) is
the established benchmark for measuring the impact
of social screening on financial performance. Launched
in May 1990, the DS 400 Index is the first benchmark
for equity portfolios subject to multiple social
screens. The index consists of 400 diversified equities
that pass a broad range of social screening criteria.
The KLD Broad Market SocialSM
Index (KLD BMS Index) is the screened subset of
the Russell 3000®
Index, and the KLD Large Cap SocialSM
Index (KLD LCS Index) is the screened subset of
the Russell 1000®
Index. The KLD BMS and LCS Indexes were launched
on January 1, 2001.
About KLD Research & Analytics, Inc.
KLD Research & Analytics, Inc. is an independent
investment research firm providing investment management
tools that are used by professionals to serve clients
who require investment strategies based on social
responsibility, responsive governance and corporate
integrity. KLD products and services, including
Socrates (a web-based, company research tool)
are used for screening, compliance and asset gathering.
For
more information about KLD or the KLD Domini 400
Social Index, please see our website (www.kld.com)
or contact Karen Agredo by phone (617.426.5270)
or via e-mail (kagredo@kld.com).
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