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Red Hat Stock Splitting

Posted by ryuzaki0 on from the splitting-heirs dept.

zerOnIne writes "ZDII has a story detailing that Red Hat plans to split their stock on a 2-for-1 basis, sometime about January 7. " The story also talks about Red Hat filing a 3.6 million dollar loss on a revenue of 5.4 million. Sales were up 24 percent from this time last year.

2 of 146 comments (clear)

  1. This is not news by um...+Lucas · · Score: 4

    I'll go ahead and take away my +1 bonus because i'm about to say somehting that's not nice about redhat. Well, not redhat... But just because everyone here owns Redhat stock, that doesn't make this a newsworthy event... Stocks split all the time. It changes nothing. You get twice as many shares but they're all now worth 1/2 as much. They do this to "make the stock more accessible to the smaller investors" which means nothing because anyone can buy a single share of the stock... and if you can't squirrel away $200 for a single share of the stock, you shouldn't be buying up stocks anyways... Show your support for the company by buying their products instead.

  2. Growth is 24 percent versus last quarter by JMcJames · · Score: 5

    A couple of folks have misreported this (including Slashdot). Third quarter growth is 24 percent from the previous quarter. The growth is 63 percent compared to 3rd quarter of last year.