:Triangle Business Journal: Red Hat's IPO fuels debate over valuation
Triangle Business Journal: Red Hat's IPO fuels debate over valuation Jun 17, 1999, 19 :43 UTC (9 Talkback[s]) (4207 reads) (Other stories by Lee Weisbecker)
"Now that Red Hat Inc. has announced plans for a $97 million initial
public offering, questions are popping up over the company's prospects as a
major competitor to industry giant Microsoft."
"Red Hat, which claims a 56 percent domestic market share, is also
riding a wave of publicity, sparked in part by Microsoft antitrust lawyers,
who held up Red Hat as proof that Microsoft doesn't illegally stifle
competition.
"But the prospect that Red Hat can compete with mighty Microsoft remains
debatable."
"In commenting on Red Hat's proposed IPO, Internet stock sheet
RagingBull.com, recommended that its readers steer clear."
