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[FYI] (Fwd) AOL in Negotiations to Buy Red Hat
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- Subject: [FYI] (Fwd) AOL in Negotiations to Buy Red Hat
- From: "Axel H Horns" <horns@ipjur.com>
- Date: Sat, 19 Jan 2002 10:35:19 +0100
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Date sent: Fri, 18 Jan 2002 23:12:37 -0500
Send reply to: Law & Policy of Computer Communications <CYBERIA-L@LISTSERV.AOL.COM>
From: Richard Forno <rforno@INFOWARRIOR.ORG>
Organization: www.infowarrior.org
Subject: AOL in Negotiations to Buy Red Hat
To: CYBERIA-L@LISTSERV.AOL.COM
http://www.washingtonpost.com/wp-dyn/articles/A5064-2002Jan18.html
AOL in Negotiations to Buy Red Hat
By Alec Klein
Washington Post Staff Writer
Saturday, January 19, 2002; Page F1
AOL Time Warner Inc. is in talks to buy Red Hat Inc., a prominent
distributor of a computer operating system, an acquisition that would
position the media giant to challenge arch rival Microsoft Corp.,
according to sources familiar with the matter.
<snip>
It was unclear yesterday what price tag Red Hat could fetch. With a
market capitalization of about $1.45 billion and about 600 employees
worldwide, Red Hat reported $68.2 million in revenue in the nine
months ended Nov. 30, down 10 percent over the same period a year
earlier.
The software company reported a profit of $1.8 million, or a penny per
share, in the nine months, compared with a loss of $10 million, or six
cents a share, in the year-ago period.
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