Reuters/Boston.com: Red Hat Shares Seen Overvalued–Barron’s

“Shares in Red Hat Inc. are seen as overvalued by some
investors, as the leading distributor of free Linux software faces
a deep-pocketed rival, according to an article in the latest
edition of Barron’s…

“Red Hat shares have quadrupled in the past year, and at $20, a
level reached two weeks ago, Red Hat shares trade for 105 times
next fiscal year’s estimated earnings, and ‘more than four times
the most bullish estimate on the total addressable market for its
primary product three years out,’ Barron’s said…”

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