Oracle will enter the Red Hat in Linux and its share price will fall

In October 15, when Wall Street analysts reported that Oracle may launch their own Linux products, Redhat's share price fell by 7% to close at $19.90. Since the beginning of this year, Redhat's share price has been ups and downs, mainly because Oracle may enter the open-source Linux market. KatherineEgbert, analyst at Jefferies & amp; Co, said: "according to our surveys in the last two weeks, Oracle may launch its own Linux software. "As a result, the Organization sent a red hat October 15 message when Wall Street analysts announced that Oracle may launch its own Linux product, Redhat's share price fell by 7% to close at $19.90.
Since the beginning of this year, Redhat's share price has been ups and downs, mainly because Oracle may enter the open-source Linux market. Catherine, analyst at Jefferies & Co
Egbert said: "According to our survey in the last two weeks, Oracle may launch its own Linux software. "
As a result, the Organization adjusted the share price of RedHat from $24 to $21 per share. Unlike Microsoft's copyright software, Linux is a free software that allows individuals and enterprises to use their code. Red Hat products are charged by selling services and support.
RedHat and Oracle did not comment on Wall Street. After RedHat announced a 34% drop in its second-quarter profit, its share price fell by 23% in two weeks. Oracle's share price rose 8 cents this Friday.