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

To: Thomas A Watson who wrote (779)	8/24/1999 5:30:00 PM
From: Nelson Chang	Read Replies (1) \| Respond to of 1794

>>>Reading the last several posts is why I have a difficult time in figuring out how Rhat will support the current share price for 66 mill shares. <<< If you are talking about "market cap", then you shouldnt have a difficult time at all. No one should unless you are one of the believers that RHAT will be the next and take out MSFT. I'm not. To understand this stock, and others like it, you have to understand the ARBA's, the JNPR's, the RBAK's. By historical standards, these stocks will not live up to their ratios even if you give them 10 years. But alas, mutual funds are buying these stocks. Ask yourself why they are doing this. They are ultimately concerned w/ the same thing individual investors are - performance and making the almight buck. When u understand the answer, though u don't have to accept it, then you will have a better understanding of how these stocks trade. All this conflict about valuation, it shouldn't even be a topic.