Rick Forrister wrote:
>
> [EMAIL PROTECTED] said:
> > I know this is off topic but has anyone noticed the large decline in
> > Redhat stock price lately and the news today that IBM has sold off 14
> > + million worth of shares recently. I hope this not a sign of things
> > to come. I always thought or my impression was that IBM was big into
> > linux particularly Redhat. But to see them sell this much makes one
> > think that maybe they are not as impressed with Redhat as once
> > believed..... What's with the decline. So they had another loosing 3
> > months. It was better than it was expected to be. I hope that it is
> > not lack of enthusiasm for those looking for something different than
> > windoze.
>
> The IBM stock selloff is a completely unrelated issue. Pretty much any
> business will make decisions regarding their corporate investments based
> only on the market. As far as IBM's Linux support; if they stop doing
> Linux work, _then_ I'd worry.
>
> At this time I suspect that the fluctuations & drops in stock prices for
> all Linux related stocks reflects a loss of many of the idealists from
> stock ownership, and a shift towards a normal market environment. All
> the Linux related stocks have been overpriced; I suspect a more
> realistic
> valuation of Red Hat stock is in the $30-$35 range. If they keep a
> sound business model & cash flow stays fairly good expect a longer term
> rise.
My understanding is that yesterday was the first day that "insiders"
like employees and IBM (since they, meaning IBM, were pre-IPO investors
with stock from the beginning) could legally sell any of their shares.
That people would take profits is no big surprise to me. What the
heck... it's all conjecture anyway! :-)
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