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Technology Stocks : Oracle Corporation (ORCL) -- Ignore unavailable to you. Want to Upgrade?

To: Michael Olin who wrote (11344)	7/16/1999 10:15:00 AM
From: Michael	Respond to of 19079

I believe ORCL owns stake in this widely anticipated IPO. Does anyone know ORCL % stake in Red Hat? sure is a nice day Michael biz.yahoo.com Red HAT sets IPO at 6 million shares WASHINGTON, July 16 (Reuters) - Software firm Red Hat Inc. said Friday it would sell up to 6 million common shares at an estimated $10 to $12 a share in its first-ever sale of stock to the public. The Durham, N.C.-based company gave the figures in an amended initial public offering filing with the Securities and Exchange Commission. Previously, it had not disclosed the amount of stock to be sold or the estimated selling price. The company has applied to trade on Nasdaq stock market under the stock symbol ''RHAT'' and is tentatively scheduled to begin trading the week of August 9. The underwriters have reserved up to 800,000 shares for sale to directors, officers, employees and friends of Red Hat through a directed share program, Red Hat said. After the offering, outstanding common will total 66.6 million shares.