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To: HG who wrote (73388)	8/12/1999 1:16:00 PM
From: Eric Wells	Read Replies (1) \| Respond to of 164684

>>Do you have an opinion Happy_Girl - I know you weren't asking for my opinion - but I saw your post and thought I would chime in anyway. My view is that the fundamentals on Red Hat make it a very risky long term bet - but who knows what it will do in the short term. RHAT is up over 20 points today (trading at 73 last time I checked) - that brings Red Hat's market cap to nearly $5 billion - and well, that just seems kinda steep for a company that has $12 million in sales and $2 million in losses. If you look at the past efforts of other companies that have tried to unseat the operating system dominance of Microsoft - well, they all have failed. And I don't believe Red Hat has proprietary rights of distribution on Linux (it is "open" operating system). If anything, I believe that today's and yesterday's action on RHAT is a sure indication that the internet IPO stock mania is not yet behind us - and as such the market may have some further correcting to do. Of course, RHAT may go up another 20, 50 or 100 points - it's certainly has happened before with companies with little sales and no profits. Anyway, just my 2-cents for what they are worth (which may be very little). Thanks, -Eric