[plug] Red Hat becomes like M$

[Oliver White]

Where did you get the idea that they're following M$' corporate
philosophy? As far as I'm concerned, they can make as much money as they
please. Yay capitalism. :-)

Bret Busby wrote:
> 
> Given the recent messages posted regarding the red cap non-public share offer,
> the following may be of interest.
> 
> The red cap has definitely succeeded in going the same way as M$. No doubt, it
> intends to rival M$ in everything, including its corpoate philosophy.
> 
> >From http://www.news.com/News/Item/0%2c4%2c40355%2c00.html?dd.ne.txt.0811.08
> 
> Bret Busby
> ..................................
> Red Hat shares triple in IPO
>       By Stephen Shankland
>       Staff Writer, CNET News.com
>       August 11, 1999, 2:45 p.m. PT
> 
>       update The initial public stock offering for Linux software maker Red Hat
> exploded today as
>       share prices tripled in value, closing at 52.06.
> 
>       Red Hat shares, trading under the symbol RHAT, were priced initially at 14
> but quickly began to climb. The
>       success of the first day gives the company a capital value of around $3
> billion. By comparison, most
>       recent IPOs have been rather tepid, with share prices rising only a few
> dollars or sinking below the asking
>       price.
> 
>                               The company released 6 million shares under the
> sale. The stock
>                               offering was designed to raise between $60 million
> and $72 million
>                               to finance Red Hat's expanding operations. It has
> instead rasied
>                               about $84 million.
> 
> .......................................