Hi,
Watch out Arup! As proven before discussions on movement of stock prices
of a company & investor sentiments on the Wall Street can be rather
volcanic on this list ;-)
Anyway, despite being a strong backer for Linux myself, I would not like
to put too much emphasis on the stock prices in evidence after the RedHat
IPO. The stock prices of IT & Internet media companies are too much like
trading in futures...they needn't necessarily indicate strong
fundamentals.
One small example of this would be a comparison between BarnesandNoble.com
and Amazon.com... Amazon has a small fraction of the distribution volumes
as compared to Barnes and Noble...also in terms of the ratio of actual
purchases from number of visitors, Amazon is no match for the Barnes and
Noble. Neither their profits similar....Amazon is actaul absorbing loses.
And yet Azmazon is worth US $18 billion in the market, where as the
fundamentally strong Barnes and Noble is nowhere near.
I am not saying that Redhat shares are weak, but they have been
*considerably* hyped up...maybe even after looking at their future prospect.
Another important point is that in all this attention focussed om RHL...other
distros should not be neglected... leave alone Linux becoming the next
MS, I wudn't like RHL to become the MS of the Linux world.
--Indra
On Sat, 14 Aug 1999, Arup Bhanja wrote:
> Date: Sat, 14 Aug 1999 12:19:25 +0530
> From: Arup Bhanja <[EMAIL PROTECTED]>
> To: [EMAIL PROTECTED]
> Subject: [ilug-cal] [Fwd: The Industry Standard's Media Grok - August 13, 1999]
> >
> > CBS MarketWatch's Steve Gelsi reported that in its second day of
> > trade, Red Hat continued to storm up the charts - up 40 percent, in
> > fact, to 72 5/8 on Thursday. Gelsi said it was the sixth most active
> > stock on the Nasdaq. Investors were happy. Even the coders seemed to
> > be 5~pleased in most news reports, especially those who got in on Red
> > Hat's 800,000 invitation shares offered through E-Trade.
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