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...
Isn't this saying that Netscape/AOL is selling 500,000 of their REDHAT stock?
Or am I just confused?
#3 bad idea..
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.
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 <firstname.lastname@example.org>
Tuesday June 13th, 2000 12:46 PM
I was thinking about the same thing (N/T) <:3)~~
They probably just restructured their pension plan or something. This sort of things happens every day.
#7 If you read it again...
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.