upFRONT

LJ Index, Strictly On-Line and more.
Sources
  • Number 1-9 are from forms filed with the SEC and public stock trading data.

  • Numbers 10-12 are from Dataquest, quoted in Computer Reseller News: http://www.techweb.com/se/directlink.cgi?CRN19990823S0058.

  • Numbers 13 and 14 are Dataquest and Merrill Lynch numbers quoted by Motorola Computer Systems.

  • Numbers 15-22 are from Alexa Internet.

  • Numbers 23-24 are from Linux Today.

  • Numbers 25-30 are from Jason Schumaker, LJ Staff.

  • Number 31 is from The Seattle Times.

HOT HAT ROAST

As we go to press, it still isn't possible to make full sense out of the Red Hat IPO. But we can report that the folks at Prosthetic Monkey Consulting (http://www.prosthetic-monkey.com/) have used some expert Python to wring maximum irony out of Red Hat's instant billions, through a web instrument called the Red Hat Wealth Monitor (http://prosthetic-monkey.com/RHWM/).

“If you use this information to flame Red Hat, then you're misusing it,” writes Kendall G. Clark, the author of the site. Bettew to lightly roast the company, which the RHWM site does rather well. To wit:

How much is Red Hat worth?

Last updated on Wed, Sept. 15 1999 12:10:00. Updated every 15 minutes during NASDAQ trading. Trading at $96.84375 US:

Category

Amount

Red Hat Market Capitalization

$6,472,562,103 US

RH Market Capitalization created by the Community

$5,650,546,715 US

Your contribution

$1,130,109 US

Who's Benefitting the Most?

Shareholder

Number of Shares

Present Value

Shares Set-Aside for the Community

800,000

$77,475,000 US

Maximum Set Aside Shares Per Developer

400

$38,737 US

Bob Young

9,081,826

$879,518,086 US

Marc Ewing

9,088,476

$880,162,097 US

Frank Batten, Jr.

15,005,888

$1,453,226,466 US

William Kaiser

8,723,866

$844,851,897 US

Greylock IX Limited Partnership

8,723,866

$844,851,897 US

Benchmark Capital

5,815,910

$563,234,534 US

Intel

3,005,058

$291,021,085 US

Matthew Szulik

2,736,248

$264,988,517 US

Eric Hahn

171,522

$16,610,833 US

Not bad for free software, huh?

Credit where due. “We've obviously stolen Phil Greenspun's idea for the Bill Gates Wealth Clock (http://www.webho.com/WealthClock/) and applied it to Red Hat,” Clark writes. “We share Phil's opinion about Bill Gates, but we're not anti-Red Hat. We just want to see them spreading some of their newfound wealth—which is not equal to their market capitalization—around to those who helped them acquire it; particularly in the form of R & D funds to the Community.”

We might add that on this same day (August 23rd), the Bill Gates Wealth Clock put the man's worth at $97.6121 billion US. That sum, however, was recently reduced by a chunk of change given to the Bill and Melinda Gates Foundation, making it, at $17.1 billion US, the largest charitable foundation in the United States.

So just how much did Mr. Bill give? Try $6 billion US. Or, by today's reckoning, just a few hundred million more than one Red Hat.

—Doc Searls

______________________

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