:CNET News.com: E*trade foils Red Hat IPO goodwill
CNET News.com: E*trade foils Red Hat IPO goodwill Jul 29, 1999, 14 :16 UTC (3 Talkback[s]) (5144 reads) (Other stories by Stephen Shankland)
"A gesture of goodwill on the part of software maker Red Hat has generated some ill will with the very people the company hoped to reward."
"Linux seller Red Hat had offered several open source programmers the
opportunity to participate in the initial public offering of the company's stock,
which likely will take place in the next two weeks. However, at least a dozen
people who were invited to participate have informed Slashdot founder Rob
Malda that they've been rejected by E*trade, the electronic trading company
helping with the IPO."
"It seems all that glitters is not gold in the high tech industry, even though
stories of financial windfall are legion amid the scene of so many companies
rushing to go public. The price of a hot new issue often jumps markedly, and
those who were invited in during the early stages can make a big profit."
