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IT-Director: Yet Another Linux IPO

Sep 21, 1999, 15:21 (1 Talkback[s])
(Other stories by Snark)

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"The Red Hat IPO served the purpose of proving that it isn't just "dot com" stocks that can have dramatic IPOs - open source companies can also do it. It will thus be interesting to see how fares at its IPO. It has filed with the Securities and Exchange Commission attempting to raise $49.6 million in its initial public offering and it is both an internet company and a kind of open source magazine company. (Note: We will also need to watch Cobalt Networks, a manufacturer of Linux-based server appliances which plans to raise $86 million at IPO.)"

"In the past few months, has acquired the Linux news sites of Slashdot and Freshmeat and is becoming a web focus point for Linux information as well as for other IT related topics. It currently claims 2 million visitors to its Web site per month."

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