Commercial Linux and middleware distributor Red Hat revealed its financial results for its third quarter of fiscal 2011 today, and if revenues are any guide, then the company just keeps growing like there never was a recession. That said, Red Hat's profits are under a little pressure, thanks to product transitions, and Wall …
So when does Oracle buy them?
And will it be a hostile takeover?
That's not even funny!
Unless you're shorting their stock price.
re: So when does Oracle buy them?
The multiple is way too high. Over 9 Billion Market Cap, with less than 1 Billion in Revenues. Not a great return on investment.
Sun on the other hand was 5.6 Billion for over 10B in revenues. Yes, yes, I know, Sun was losing money, but Redhat really only made a profit of 28M in the last quarter, while Oracle expects to make over 1B profit on Sun in the first year. Impossible to get that kind of return on revenues of less than 1B from Redhat.
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