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Reuters/Boston.com: Red Hat Shares Seen Overvalued--Barron's

Feb 02, 2004, 16:15 (8 Talkback[s])

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"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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