[plug] Red Hat becomes like M$

[Garth Atkinson]

Hi Bret

Just because Redhat has made some pretty serious money (on paper at
least) does not mean they have 'definitely succeeded in going the same
way as M$'. Some proportion of Redhat's earnings will certainly be
returned to the wider linux community (including people like myself who
have never even used their distributions!). They are powerless to stop
this happening.

Redhat has been valued so highly by the American markets because of the
type of organisation is it, not what it might become!

Let the dust settle before making too many predictions.

I say "Well Done Redhat!"

Garth


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.
> 
> .......................................