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WIRED: A Second Stab at Linux Riches

Dec 08, 1999, 14:34 (3 Talkback[s])

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"Before its smashing market debut in August, Linux star Red Hat tried to share the financial glory by granting IPO shares to a thousand or so software developers that helped build the Linux operating system."

"Red Hat makes its money distributing Linux. But Linux is the product of a lot of open source developers' free labor -- it seemed only fair to share the wealth."

"For developers who shelled out US$5,600 for 400-share blocks at the $14 IPO price, the deal probably seemed fair and then some. Red Hat closed at $284.13 Tuesday, so the initial investments are now worth $114,000."

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