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Wired news: ETrade Blocks Goodwill Move

Jul 29, 1999, 03:21 (2 Talkback[s])
(Other stories by Polly Sprenger)

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"Some members of the open source community hoping to cash in on RedHat's initial public offering may be out of luck."

"RedHat Software, which sells products based on the open source Linux operating system, offered developers who have contributed to the open source movement an early crack at shares in its upcoming IPO."

"In a 20 July email to several thousand members of the open source community, RedHat's CEO Robert Young asked anyone who wanted to take advantage of the offer to open an account with the online brokerage ETrade. This week, however, open source developers are raising a mighty stink, because ETrade's membership requirements prevent many of them from taking advantage of RedHat's offer."

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