From:	 Kristin Reeves <KReeves@blancandotus.com>
To:	 "'lwn@lwn.net'" <lwn@lwn.net>
Subject: Reuters Supports Adoption of Linux in Financial Services Industry
	 Using Intel Based Servers
Date:	 Thu, 16 May 2002 17:19:16 -0700

Reuters Supports Adoption of Linux in Financial Services Industry Using
Intel Based Servers 

Reuters to Work With HP, Intel and Red Hat to Offer Its Market Data System

SAN FRANCISCO, May 16 /PRNewswire/ -- Reuters, the global information, news
and technology group, is working with HP, Intel Corporation and Red Hat to
make Reuters Market Data System (RMDS) available on Intel-based servers with
Linux, the open source operating system. The move supports financial
institutions using Intel(R) Architecture (IA) to reduce the cost and improve
the flexibility and performance of their market data platforms. Reuters
decision to run RMDS on Linux comes in response to a growing interest and
deployment of the operating system within the financial services industry.
Tom McDonald, Executive Director at Morgan Stanley said, "Linux on Intel is
an important evolutionary platform for Morgan Stanley. Support for this
platform from Reuters is important to our efforts and is strategic to Morgan
Stanley." 

The four companies will jointly participate in the porting, testing and
optimisation of RMDS on IA with Red Hat Linux. The service will run on
Intel(R) Xeon processor and Intel(R) Itanium(R) processor family-based
servers from HP. A version of RMDS on this platform is due to begin testing
in the third quarter of this year. Reuters Consulting, working with HP
Services, will assist customers to ensure its migration to Linux on
Intel-based servers delivers maximum benefit. Services will cover a range
of areas including initial review and application audit, development of
Linux application architecture and migration, through to ongoing
support. RMDS integrates the crucial real-time data and news that a
financial institution uses to make its trading decisions a nd interact with
the markets. The system delivers information to thousands of users and
applications throughout the financial institution and across the
Internet. RMDS combines the best elements of the most widely installed
market data systems, Reuters Triarch and the TIB Market Data Distribution
System, while enhancing them with components that improve cost of
ownership, scalability, and business flexibility. 

Mike Sayers, Reuters Chief Technology Officer said, "Our customers see RMDS
on Intel-based servers and Linux as an important way to reduce their costs
of operation and improve their service, so it was quite natural that we
should bring the two together. The support Linux enjoys from a broad range
of hardware vendors also makes it an excellent fit with Reuters policy of
open systems. We are pleased to bring the Linux version of RMDS to market
first on the HP, Intel and Red Hat platform. Working with these industry
leaders will ensure that RMDS on Linux provides the stability, performance,
and integrity that our customers have come to expect from us." 

"As a premier provider of market data delivery systems, Reuters understands
the critical role that leading information technology plays in today's
competitive and constantly evolving business environment. Reuters is
focused on providing its clients competitive edge with global technology
solutions that can evolve and adapt while managing costs," said Peter
Blackmore, Executive Vice President, HP Enterprise Systems Group. 
"HP is pleased to extend our long-standing relationship with Reuters to
help them achieve these goals. By choosing HP ProLiant servers, the world's
market leader in Linux server unit shipments for 16 quarters running,
Reuters can confidently introduce mission critical Linux solutions with the
economic benefits of industry-standard computing." 

"Red Hat has technology and service relationships with eight out of the ten
top financial companies in the world," said Michael Tiemann, Chief
Technology Officer at Red Hat. "Red Hat solutions provide customers a
dramatic increase in the capacity and performance of their pricing and
trading systems. This in turn has led to substantial increases in the need
for financial data and analysis to fuel these systems. Through this
partnership, Reuters has the opportunity to meet these increased demands
while retaining the rock-solid quality that customers expect when using
RMDS." 

Note to editors 
(Reuters) is the leading global provider of financial
information, news and technology solutions to financial institutions, the
media, corporates and individuals. Reuters strength is our unique ability to
offer customers a combination of content, technology and connectivity. Our
premier position is founded on continuous technological innovation and a
reputation for speed, accuracy, integrity and impartiality. Reuters has over
19,000 staff in 97 countries, including some 2,500 editorial staff in 230
bureaux serving approximately 150 countries, making Reuters the world's
largest international multimedia news agency. In 2001, Reuters had revenues
of pounds 3.9 billion. Reuters and the sphere logo are the trade marks of
the Reuters group of companies.

HP is a leading global provider of products, technologies, solutions and
services to consumers and businesses.  The company's offerings span IT
infrastructure, personal computing and access devices, global services and
imaging and printing. HP merged with Compaq Computer Corp. on May 3,
2002. The merged company had combined revenue of approximately $81.7
billion in fiscal 2001 and operations in more than 160 countries. More
information about HP is available at http://www.hp.com. 

Red Hat Red Hat (Nasdaq: RHAT) is the
world's premier open source and Linux provider. Red Hat is headquartered in
Raleigh, N.C. and has offices worldwide. Please visit Red Hat on the Web at
http://www.redhat.com.

For investor inquiries, contact Gabriel Szulik at
Red Hat, (919) 754-3700. LINUX is a trademark of Linus Torvalds. RED HAT is
a registered trademark of Red Hat, Inc. 



---------------------------
Kristin Reeves
Senior Account Executive
Blanc and Otus Public Relations
Phone: 415.856.5145
Fax: 415.856.5193
Email: kreeves@blancandotus.com
---------------------------