Wired: Payback Time for Linux | Linux Today

Wired: Payback Time for Linux

Written By
Web Webster
Web Webster
Jul 21, 1999

“In an email to members of the open source community
Tuesday, Red Hat, a distributor of the Linux operating system,
offered developers first crack at its pre-IPO shares.

Investors could potentially make a handsome profit by selling those
shares after the stock starts trading.

“Red Hat couldn’t have grown this far without the ongoing help
and support of the open source community,” CEO Robert Young said in
the email. “Therefore, we have reserved a portion of the stock in
our offering for distribution online to certain members of the open
source community.”

Complete
story
.

Web Webster

Web Webster

Web Webster has more than 20 years of writing and editorial experience in the tech sector. He’s written and edited news, demand generation, user-focused, and thought leadership content for business software solutions, consumer tech, and Linux Today, he edits and writes for a portfolio of tech industry news and analysis websites including webopedia.com, and DatabaseJournal.com.

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