April 19, 2019

RedHat IPO goes Sour for Developers

  • July 31, 1999
  • By James Andrews
The recent moves by RedHat to offer stock were accompanied by what seemed like a generous offer to Linux software developers--who had given their time free of charge to develop the products that RedHat sell. Initially RedHat had promised to give valuable stock offerings to developers at a knockdown price. But at the last moment they backed off...and it looks like many of the people who actually wrote RedHat's software will miss out.

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