Date: Wed, 11 Aug 1999 07:28:55 -0700 From: #IPO Subject: RHAT IPO Update -----------------------------DO NOT REPLY TO THIS EMAIL------------------------------------------- ---------------------------- ----
"Important Notice to Participants in the RedHat Affinity Offering"
The offering price for the RedHat initial public offering has been set at $14 per share. This is outside the original $10-$12 expected price range for the offering. BECAUSE THE OFFERING HAS PRICED OUTSIDE THE EXPECTED PRICE RANGE, YOU MUST RECONFIRM YOUR PREVIOUSLY TRANSMITTED CONDITIONAL OFFER IN RESPONSE TO THIS ACCOUNT ALERT IN ORDER TO PARTICIPATE IN THIS OFFERING.
To reconfirm your conditional offer: * Log into your E*TRADE account and click on the ACCOUNT SERVICES tab.
* Click on OTHER QUESTIONS at the bottom of the page. Click on e-mail in this sentence: * Send us an email from there with the following subject line: RED HAT IPO CONFIRM
We understand that some affinity purchasers will not have the opportunity to reconfirm their conditional offers immediately after pricing. As a result, we will provide affinity purchasers with a period after pricing during which you may reconfirm your previously transmitted conditional offer.
-----------------------------DO NOT REPLY TO THIS EMAIL------------------------------------------- ---------------------------- -----------
When I got the letter, I was very happy. I FedEx'd my application along with $90,000.00 to E-Trade the very next day.
My account was setup and I passed the eligibility test, and I indicated my interest in buying 9000 shares from that reserved "friends and family block of 800,000 shares all by July 22nd.
I got up today an hour before the market opened and found they priced it at $14. Fine, I called and re-confirmed my interest in 6,400 shares.
The stock started trading before us "friends and family" even knew what our share allocations were. About 45mins after the stock started trading I got an alert that said:
ID XXXXXX Acct.no.: XXXX-XXXX RE: Public Offering Order 6400 RHAT We w ere unable to allocate shares. Poss ible reasons: Offering priced abovelimi t or high demand for shares. 0000
In other words, the "letter" didn't mean squat (at least in my case). I played by the rules, I jumped through the E-Trade hoops, the stock is now trading at $47/share (3.3X the $14 offer price)
Oh well, I guess it is better to have lost an expected gain, then to have an actual loss.
If any of the press wants to talk to me, send me an email: dkelson@inconnect.com
"Goldman Sachs expected to price the IPO on Tuesday, but it said late in the day that it'll likely price on Wednesday pending a routine review by the Securities and Exchange Commission. A Goldman spokeswoman said the stock is still expected to trade on Wednesday."
Because it just works and gives me the freedom to control every aspect of it.
I look forward to the further acceptence of Linux by the mainstream. That way all the lastest hardware (USB cameras, USB scanners, 1394 cards, 3D hardware) can be supported from day one, along with all the lastest and greatest apps (games esp).
At that point we will have best of both worlds (a rock solid, super configurable Unix-like OS, with support for all the latest and greatest hardware and software).
The whole anti-microsoft angle means little to me.
Slashdot Mirror
In the twenty times I've called there, I've gotten twenty different answers.
Date: Wed, 11 Aug 1999 07:28:55 -0700- ----------------------------
- ----------------------------
From: #IPO
Subject: RHAT IPO Update
-----------------------------DO NOT REPLY TO THIS
EMAIL------------------------------------------
----
"Important Notice to Participants in the RedHat Affinity
Offering"
The offering price for the RedHat initial public offering
has been set at $14 per share. This is outside the original $10-$12
expected price range for the offering. BECAUSE THE OFFERING HAS PRICED
OUTSIDE THE EXPECTED PRICE RANGE, YOU MUST RECONFIRM YOUR PREVIOUSLY
TRANSMITTED CONDITIONAL OFFER IN RESPONSE TO THIS ACCOUNT ALERT IN ORDER TO
PARTICIPATE IN THIS OFFERING.
To reconfirm your conditional offer:
* Log into your E*TRADE account and click on the ACCOUNT SERVICES tab.
* Click on OTHER QUESTIONS at the bottom of the page. Click on e-mail
in this sentence:
* Send us an email from there with the following subject line: RED HAT
IPO CONFIRM
We understand that some affinity purchasers will not have
the opportunity to reconfirm their conditional offers immediately after
pricing. As a result, we will provide affinity purchasers with a period
after pricing during which you may reconfirm your previously transmitted
conditional offer.
-----------------------------DO NOT REPLY TO THIS
EMAIL------------------------------------------
-----------
When I got the letter, I was very happy. I FedEx'd my application along with $90,000.00 to E-Trade the very next day.
My account was setup and I passed the eligibility test, and I indicated my interest in buying 9000 shares from that reserved "friends and family block of 800,000 shares all by July 22nd.
I got up today an hour before the market opened and found they priced it at $14. Fine, I called and re-confirmed my interest in 6,400 shares.
The stock started trading before us "friends and family" even knew what our share allocations were. About 45mins after the stock started trading I got an alert that said:
ID XXXXXX Acct.no.: XXXX-XXXX RE:
Public Offering Order 6400 RHAT We w
ere unable to allocate shares. Poss
ible reasons: Offering priced abovelimi
t or high demand for shares. 0000
In other words, the "letter" didn't mean squat (at least in my case). I played by the rules, I jumped through the E-Trade hoops, the stock is now trading at $47/share (3.3X the $14 offer price)
Oh well, I guess it is better to have lost an expected gain, then to have an actual loss.
If any of the press wants to talk to me, send me an email: dkelson@inconnect.com
Read it all at: MarketWatch
Because it just works and gives me the freedom to control every aspect of it.
I look forward to the further acceptence of Linux by the mainstream. That way all the lastest hardware (USB cameras, USB scanners, 1394 cards, 3D hardware) can be supported from day one, along with all the lastest and greatest apps (games esp).
At that point we will have best of both worlds (a rock solid, super configurable Unix-like OS, with support for all the latest and greatest hardware and software).
The whole anti-microsoft angle means little to me.
That *includes* your video card memory.