“Now that Red Hat Inc. has announced plans for a $97 million
initial public offering, questions are popping up over the
company’s prospects as a major competitor to industry giant
Microsoft.”
“Red Hat, which claims a 56 percent domestic market share, is
also riding a wave of publicity, sparked in part by Microsoft
antitrust lawyers, who held up Red Hat as proof that Microsoft
doesn’t illegally stifle competition.
“But the prospect that Red Hat can compete with mighty Microsoft
remains debatable.”
“In commenting on Red Hat’s proposed IPO, Internet stock sheet
RagingBull.com, recommended that its readers steer clear.”