Red Hat IPO All Over the News

Posted by Roblimo on Thursday August 12, 1999 @03:55AM from the plenty-of-slashdot-quotes dept.

Most small company IPOs have at least a little disorganization and hype surrounding them, but Red Hat's was over the edge. We're not even going to try to sort out the claims and counter-claims, the complaints and counter-complaints, and all the rest, just point you to a selection of stories on the subject, not all of which agree 100% about exactly what happened, when it happened -- or to whom.

Late IPO change left many red-faced at C|Net.
Red Hat charges up 272 percent in debut from ZDNet
Geeks Tip Their Caps to Red Hat at Wired News
Share Price More Than Triples in Red Hat's Public Offering from the New York Times (free registration required to read)
The Tech Investor column in the Aug. 12 Washington Post talks not only about Red Hat, but other recent IPOs. Good perspective piece.
Red Hot (with a cute "hat" graphic) headlined Salon's take on the subject.

I found a bunch of other stories too, but they all said pretty much the same as the ones I listed above. If you spot any more good ones (or have any good stories of your own to tell), please post them below.

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Linux moves into high-gear.. by Bowie+J.+Poag · 1999-08-12 00:16 · Score: 3

I really think we're all totally missing the big picture here..We're all getting pissed off about money. We really shouldn't be. When you step back and look at it, ignoring all the buzz and all the numbers, the money doesn't even matter. I mean, think about it..Did you get involved in Linux because you thought it would make you money? Or we doing all of this because you believe in the platform? For me, its the latter. I like Linux. Infact, I like it enough to devote some of my time to making it better.

What matters is, we're moving ahead. All of us. Not simply a bunch of guys who either got incredibly rich by pure luck or got rich by lying their way into an IPO. Sure, everybody loves the money..but getting rich isnt a necessary part (nor has it ever been a part) of the process of improving and strengthening Linux.

The fact that Red Hat's stock sits at $73/share right now isnt going to stop me from doing what I do, and making what I make. What the Linux community is doing right now is a necessary step on the way to dethroning Microsoft. Part of that means becoming a household name, which we're well on the way to doing. Somebody has to hit the beach first -- and for us, that happens to be Red Hat.

Were at the beginning of something big, not the end of something small.

Bowie
Founder, System 12 / PROPAGANDA
Bowie J. Poag

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Bowie J. Poag