Re: [SLUG] Not so encouraging news from Red Hat

From: Frank Roberts - SOTL (sotl155360@earthlink.net)
Date: Fri May 11 2001 - 08:54:26 EDT


What you are reading is financial disclosure information.

Suffice it to say that Wall Street used a completely different vocublary than
normal people and that if those statements are not present in all RH or
similar type companies information that they are sued big time.

Frank

On Thursday 10 May 2001 02:56 pm, you wrote:
> Who wrote that tripe, Bill Gates, their "shadow investor"?
>
> What a perfect justifications for M$'s attacks on Open Source/
> GNU ... and at the right moment too ... disturbingly convenient.
>
> Redhat just reminded me of one of the reasons, besides apt-get
> versus RPM, that I chose a Debian-based distro.
>
> Gag me with a whole serving set!
>
> Doc
>
> ----- Original Message -----
> From: "Bill Preece" <savatage@mindspring.com>
> To: <slug@nks.net>
> Sent: Thursday, May 10, 2001 1:36 PM
> Subject: [SLUG] Not so encouraging news from Red Hat
>
> > I was checking stock quotes on several companies I checked rhat to see
> > how redhat was doing.
> > I read the company news section and this was there.
> >
> > RISK FACTORS
> > You should carefully consider and evaluate all of the information in this
> > prospectus, including the risk factors set forth below and the documents
> > incorporated by reference into this prospectus, before investing in the
> > shares being offered.
> >
> > Risks Related to our Linux-based Open Source Business Model
> > Our open source software business model is unproven.
> >
> > We have not demonstrated the success of our open source business model,
> > which gives our customers the right to freely copy and distribute our
> > software. No other company has built a successful open source business.
>
> Few
>
> > open source software products have gained widespread commercial
> > acceptance partly due to the lack of viable open source industry
> > participants to
>
> offer
>
> > adequate service and support on a long term basis. In addition, open
>
> source
>
> > vendors are not able to provide industry standard warranties and
>
> indemnities
>
> > for their products, since these products have been developed largely by
> > independent parties over whom open source vendors exercise no control or
> > supervision. If open source software should fail to gain widespread
> > commercial acceptance, we would not be able to sustain our revenue growth
> > and our business could fail.
> >
> > I sincerely hope that this changes pretty quickly.



This archive was generated by hypermail 2.1.3 : Fri Aug 01 2014 - 20:00:13 EDT