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NewsTraders: Compaq Affiliate Files To Sell 200,000 Shares Of Red Hat (RHAT)

Aug 25, 2000, 21:00 (0 Talkback[s])

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"Compaq Computer (CPQ) subsidiary CPQ Holdings plans to sell 200,000 common shares of open source software developer Red Hat (RHAT), according to a regulatory filing Friday."

"The securities have an estimated aggregate market value of $4.6 million, according to today's Form 144 filing."

"CPQ Holdings listed Aug. 16 as the approximate date of sale, and named BancBoston Robertson Stephens as broker to carry out the planned disposition."

Press Release