Some more doubts :)
$ You are only obliged to reveal the source to 
$ the people you give the binaries of your program to -- not 
$ the original author, not any `community'. However, you have 
$ to distribute the source under the GPL itself, so the 
$ recipients are free to disseminate your source more widely if 
$ they choose.

1. Does it talk anywhere about making the binaries/source code available
for FREE ? Can I sell the rework ? (assuming I used GPL'ed code).

2. Redhat says "IP Load Balancing (Piranha) is based on Open Source
Linux Virtual Server (LVS) technology, with significant Red Hat
enhancements". Since LVS is open source and licenced under GPL, does it
mean that I can ask Redhat for the source code of piranha if I buy
redhat AS edition and then make it available for free ??

$ Re point 3, I doubt if anyone would sue you for 
$ `look-and-feel' if you made, e.g., a clone of Konqueror :)

-js


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