Netscape Selling Shares of RedHat?

Monday June 12th, 2000

Netscape selling 500,000 shares of RedHat? What does it all mean?

Yes, I know I got it wrong...

#1 They need the money? (n/t)

by asj

Monday June 12th, 2000 7:00 PM

#2 Hang on a tic

by phil

Monday June 12th, 2000 7:59 PM

Isn't this saying that Netscape/AOL is selling 500,000 of their REDHAT stock?

Or am I just confused?

#3 bad idea..

by brasten

Tuesday June 13th, 2000 10:07 AM

Given the large amount of income AOL brings in, I find it hard to believe that an extra 10 million would make a huge difference in much of anything. Plus the fact that this can't help relations between Red Hat and Netscape. I just think it's a bad idea all around.

#4 fud?

by sdm

Tuesday June 13th, 2000 10:19 AM

Companies sell stock all the time - usually *not* because they don't like the company. What's the big deal?

#5 I was thinking about the same thing (N/T) <:3)~

by gerbilpower

Tuesday June 13th, 2000 12:46 PM

I was thinking about the same thing (N/T) <:3)~~

#6 Who cares?

by Trick

Tuesday June 13th, 2000 5:16 PM

They probably just restructured their pension plan or something. This sort of things happens every day.

#7 If you read it again...

by jesusX

Tuesday June 13th, 2000 6:20 PM

You'll see that they only made an SEC filing that would give them permission to sell. It's a warning that a large block of stock MAY come on to the market. If they actually sell it, there'll be another filing. So far, they haven't sold a thing. It could be anything from wanting to have more liquidity for a loan requirement (no one pays for anything with their own money), to a possible distribution scheme to employees, to outright selling. We don't know, and I'm sure Redhat barely took an interest. They may already have known.