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Technology Stocks : Red Hat Software Inc. (Nasdq-RHAT) -- Ignore unavailable to you. Want to Upgrade?


To: Matthew Wecksell who wrote (123)7/17/1999 1:36:00 PM
From: FDHIII  Respond to of 1794
 
SOON!

Red Hat Inc., a leading
supporter of Linux operating system software, set a
price range Friday of $10 to $12 for the sale of six
million shares in its initial public offering planned for next month.
Durham, N.C.-based Red Hat, which will trade
under the symbol RHAT, disclosed the price range
as part of a filing with the Securities and Exchange
Commission filing.
The stock is tentatively scheduled to go public
during the week of Aug. 9.
Underwriters are Goldman Sachs, Thomas
Weisel Partners, Hambrecht & Quist, and E*Trade
Securities.




To: Matthew Wecksell who wrote (123)7/17/1999 2:21:00 PM
From: Gerald Walls  Read Replies (1) | Respond to of 1794
 
I took a look at etrade to try to get into this IPO and it looks like a new account from a user whose job doesn't let him monitor their IPO center all day has no luck getting in.

No, that used to be the way it worked. And since I'm a software engineer sitting in front of a computer in Phoenix (MST) during the time that E*Trade always posted their IPOs, I just set up an every-20-seconds auto refresh on their IPO page and I was able to get about a dozen of them. You had to apply in the first two minutes to get shares. Now, however, they've went to a lottery method of allocating shares where they hold the application window open for at least two hours and I've been shut out for the last three or four I've applied for.

It's a shame IPOs don't go out with a dutch auction.

Why? If you buy into a dutch auctioned-IPO you may as well not bother with the IPO and buy it in the open market. If dutch auctions become the norm for IPOs then interest in risky .com IPOs would drop substantially and the deals wouldn't get done. Why should someone risk their money buying into an IPO when they won't get a bigger reward than someone who buys in the open market?

I'll bet the IPO is $12, the opening tic is $20, and by the time the institutional investors finish and little guys like me can buy in at 2pm, it'll be at $30, with a big risk if I buy in and an easy profit for insiders. *sigh*.

With the buzz it's getting I'd bet it opens at a triple.



To: Matthew Wecksell who wrote (123)7/17/1999 9:33:00 PM
From: Thomas A Watson  Respond to of 1794
 
I don't have any special in at Redhat. I doubt I'll buy any Rhat. But I've got lots of Applix and some corel and as I called applix a linux stock well over a year ago, My buy of applix was at less than 3.5. So I will do nicely by Rhat, indirectly.

The only thing is. Applix is currently profitable and there are only a total 10 million aplx shares.

Tom Watson tosiwmee



To: Matthew Wecksell who wrote (123)7/18/1999 5:11:00 PM
From: Matthew Wecksell  Read Replies (1) | Respond to of 1794
 
I'm installing Red Hat 6 now. I purchased it from Cheapbytes.com for $1.99 or so.

I'll let you know more later, but for now, let me say that FIPS and Disk Druid both have user interfaces written by people who problably use *nix as their main OS and never need to *gasp* use the programs.

It's odd - the install takes an end user through about five "yes/no" questions that are written very well and make it easy to provide the correct answer, and then dumps you into either fips or disk druid, at which point most neophytes would get frightened away.

Be Inc at least liscensed partition magic to allow end users to partition their hard disks into Windows and Not Windows halves with relative ease.

RED HAT Linux on every desktop won't happen unless they fix the UI on disk druid.

---matt