[linux-elitists] IP: AOL in Negotiations to Buy Red Hat (fwd)

Eugene Leitl Eugene.Leitl@lrz.uni-muenchen.de
Sat Jan 19 03:56:49 PST 2002


---------- Forwarded message ----------
Date: Sat, 19 Jan 2002 05:22:00 -0500
From: David Farber <dave@farber.net>
Reply-To: farber@cis.upenn.edu
To: ip-sub-1@majordomo.pobox.com
Subject: IP: AOL in Negotiations to Buy Red Hat

>From: Richard Forno <rforno@infowarrior.org>
>To: <farber@cis.upenn.edu>
>Dave - FYI.
>AOL in Negotiations to Buy Red Hat
>By Alec Klein
>Washington Post Staff Writer
>Saturday, January 19, 2002; Page F1
>AOL Time Warner Inc. is in talks to buy Red Hat Inc., a prominent
>distributor of a computer operating system, an acquisition that would
>position the media giant to challenge arch rival Microsoft Corp., according
>to sources familiar with the matter.
>It was unclear yesterday what price tag Red Hat could fetch. With a market
>capitalization of about $1.45 billion and about 600 employees worldwide, Red
>Hat reported $68.2 million in revenue in the nine months ended Nov. 30, down
>10 percent over the same period a year earlier.
>The software company reported a profit of $1.8 million, or a penny per
>share, in the nine months, compared with a loss of $10 million, or six cents
>a share, in the year-ago period.

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