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Raleigh News & Observer: Red Hat fighting off the stock-slump blues

Dec 08, 2000, 18:14 (0 Talkback[s])
(Other stories by Christina Dyrness)

[ Thanks to Joe Ferguson for this link. ]

"The question on everyone's lips is the one Red Hat Chief Operating Officer Tim Buckley doesn't want to talk about. The entire stock market, after all, is under water, he says. Red Hat's stock is hardly the only one trading at all-time lows."

"But that was before Tuesday's rally, which saw other technology stocks rise even as the Durham Linux company sunk toward a new low. And that was before the company announced that it has laid off 20 people and closed three offices -- fuel for fear that the business model is in danger."

"It's not, Buckley says. He knows well the route a company takes from start-up to established public company. He's done it a few times. Red Hat is his fourth start-up since 1987, when he joined Aldus, the company responsible for PageMaker software. After Aldus was sold to Adobe, Buckley joined Approach, a Windows database company he helped run until it was sold to Lotus. In 1993, he joined Visio, which first sold its stock to the public in 1995."

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