IP: AOL in Negotiations to Buy Red Hat

[David Farber <dave () farber net>]

> From: Richard Forno <rforno () infowarrior org>
> To: <farber () cis upenn edu>
>
>
> Dave - FYI.
>
>
> 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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