“Web browser company Netscape Communications Corp. plans to sell
500,000 shares of open source software concern Red Hat (RHAT),
according to a Form 144 filed released today by the SEC.”
“The shares have an estimated market value of $10.5
million.”
“Of note, a Form 144 only shows a filer’s intent to sell the
shares. Actual verification of the sales, if and when they occur,
would be provided in a subsequent filing.”
Web Webster has more than 20 years of writing and editorial experience in the tech sector. He’s written and edited news, demand generation, user-focused, and thought leadership content for business software solutions, consumer tech, and Linux Today, he edits and writes for a portfolio of tech industry news and analysis websites including webopedia.com, and DatabaseJournal.com.
LinuxToday is a trusted, contributor-driven news resource supporting all types of Linux users. Our thriving international community engages with us through social media and frequent content contributions aimed at solving problems ranging from personal computing to enterprise-level IT operations. LinuxToday serves as a home for a community that struggles to find comparable information elsewhere on the web.
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