Wes, I disagree...they've beat est. 6 qtrs in a row and are doing especially well in Japan. They've got alliances with IBM and some major corporation. GROSS MARGINS are 57%, that is a key sign of the health of their business.
I think if you do more research you will see just how much progress they have made. I am basing on fact, not opinion.
We'll see who's right in the next couple quarters and will agree to disagree.
From Brieing.com:
"22-Mar-01 AFTER THE CLOSE
Red Hat (RHAT) 5 7/32 unch: Reports Q4 net of breakeven, $0.01 better than the First Call consensus of ($0.01); revenues rose 106.1% to $27.02 mln from a year-ago of $13.11 mln; see press release."
Also-
"Business Wire - Thursday, March 22, 2001
"RESEARCH TRIANGLE PARK, N.C.--(BUSINESS WIRE)--March 22, 2001--
Fiscal Year completed with 100% revenue growth, gross margin of 57%, and cash and investments balance of $303 million" |
