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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?


To: DonnaS who wrote (20329)2/11/2000 1:25:00 PM
From: Shadowed  Read Replies (1) | Respond to of 57584
 
My first post here but I've lurking awhile...
Appreciate the great traders here! Not too long ago (Feb.8) RHAT was given coverage and $115 target by JP Morgan..RHAT is now trading at almost its low of the day..84

From 2/8/00:
NEW YORK, Feb 8 (Reuters) - J.P. Morgan Securities Inc. said on Tuesday that it had started research coverage of Red Hat Inc. (NasdaqNM:RHAT - news) with a long-term buy rating and a 12-month price target of $115.

-- Red Hat is one of the best known distributors of Linux software.

-- The fiscal year 2000 loss per share estimate is 15 cents, with a loss of 13 cents estimated for 2001.

-- Linux, the computer operating system sold by Red Hat, should keep growing in popularity as more hardware and software vendors incorporate it into their products, wrote analyst William Epifanio in a research note.


Any thoughts on RHAT as a buy now?