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Redhat

Day in Tech History/ Linux

Red Hat Goes Public

Jeffrey Powers @geekazine 0811, alibaba, amp, apple, august 11, bd, bob young, ceo, common stock, handheld computers, hypercard, IPO, Linux, linux distribution, open source software, palm viix, professional type, red hat, technology history, wall street, wall street gains, Yahoo 0 Comments August 11, 2024

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Redhat
August 11, 1999: Redhat files IPO

Red Hat is a Linux distribution  and a vendor. They are on the S&P 500 company list for it. Founded in 1993, this company has provided a more professional type of open source software – giving pay support and Enterprise editions for IT pros. CEO Bob Young brought the company to this point. They filed for IPO in 1999. It turned out to be one of the largest Wall Street Gains in history. They put up 900,000 shares of common stock. Red Hat spiked at $136 a share, but is currently at $57

Also, Palm released the Palm VIIx and Vx handheld computers. VIIx was $449 and the Vx was $399.

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  • BD-ROM is Finalized
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