“A year ago it was enough to have a dream, a hot technology
and a good name. Today, however, tech stocks–such as Red Hat, the
leading Linux distributor–need more. They need, if not
profits, than solid bottom-line improvements. Red Hat
delivered.”
“But, what many analysts hoped to see, the appointment of a CFO,
did not happen. After CFO Harold Covert’s July 25 departure for
SGI’s CFO post, the company has been unable to land a top CFO.”
“The results–reported revenue of $18.5 million for the second
quarter with a 76 percent increase over last year’s second
quarter’s $10.5 million–weren’t sensational. But, it did beat the
whisper numbers, albeit barely.”