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[FYI] (Fwd) AOL in Negotiations to Buy Red Hat




------- Forwarded message follows -------
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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