Red Hat Software Inc. (Nasdq-RHAT) Message Board

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Technology Stocks : Red Hat Software Inc. (Nasdq-RHAT)

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To: Mark S. who wrote (272)	8/11/1999 9:03:00 PM
From: David Lee	Read Replies (2) of 1794

Where are you getting your $370M number? I thought page 5 of the prospectus said there were 66,579,704 shares out (undiluted). If this is the case, times 52 gives a market value of $3,462,144,608. I tell you this company is not even close to being worth $3.5 billion, not even close! That's not to say that i don't think it will trade higher in coming days, but I'm just saying it's not worth $3.5B. Anyway, what a ripoff! Anyone trading this stock needs to be ready to pull the plug at a moments notice. At MOST, this guy should trade around 25. Boy, I wish I worked at RedHat so I could be ripping off investors too! David

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