“Shares of Red Hat… shot up $26 more than their asking price
in their first day of public trading, making the largest maker
of Linux software a clear winner in an otherwise lackluster week
for Internet stocks.”
“David Menlow, president of IPO Financial Network, called Red
Hat’s offering ‘the best deal on the board this week.’
But whether the company’s share price will continue upward is
another question, Menlow told Newsbytes. ‘It’s still unclear as to
whether the hype surrounding Red Hat (as a Microsoft aggressor)
will come to any kind of fruition,’ Menlow said.”
“On the one hand, Linux fans want to see Wall Street embrace
their community-based operating system. But others worry that Red
Hat’s ‘corporatization’ could mean the beginning of the end of
Linux’s community-based ‘share and share alike’ vision.”