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Re: Red Hat's $325 Million Buyback Plan Raises Stock Value

  • Subject: Re: Red Hat's $325 Million Buyback Plan Raises Stock Value
  • From: "Larry Qualig" <lqualig@xxxxxxxxx>
  • Date: 28 Oct 2006 06:35:09 -0700
  • Complaints-to: groups-abuse@google.com
  • In-reply-to: <1580834.8dicsvxVqW@schestowitz.com>
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  • Newsgroups: comp.os.linux.advocacy
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  • References: <1580834.8dicsvxVqW@schestowitz.com>
  • User-agent: G2/1.0
  • Xref: news.mcc.ac.uk comp.os.linux.advocacy:1174569
Roy Schestowitz wrote:
> Red Hat to buy back $325M in stock, debt
>
> ,----[ Quote ]
> | Red Hat Inc., which distributes the open source Linux operating
> | system, said Friday that its board has approved a $325 million
> | stock and debentures buyback program.
> `----
>
> http://biz.yahoo.com/bizj/061027/1368151.html?.v=1

Wall Street punishes RHAT

Failure to meet goals.

Crumbling sales.

Redhat is forced to spend its own money to sop up its worthless stock.


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