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back to article Red Hat pinched by muscular greenbacks in Q2

Anyone selling hardware or software overseas as a significant portion of their overall revenues got a haircut in the past few months, and Linux server and Java application server juggernaut Red Hat was no exception. In the second quarter of fiscal 2013 ended in August, Red Hat's overall revenues grew by 14.7 per cent to $322. …

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  1. Steve Davies 3 Silver badge
    Boffin

    watch out RH

    That nice little cash pile will make you a nice target for takeover.

    Then someone will have the bright idea to spin off JBoss etc and lose a who load of money in the process which will be converted to long term debt when the company that took over bails out with a nice fat profit in their pockets.

    Remember that the Cash in hand (or in the bank) means that anyone wanting to take over the company has to stump up the agreed offer price LESS that cash in hand sum. That can be borrowed short term (1 day) rather than long term debt.

    SOP for takeovers these days, think only of the short term ROI and how quickly you can strip all viable assets from the company in as short a time as possible.

    1 0
  2. The Godfather
    Happy

    Aaah... but.....

    No doubt the offer price will be 'adjusted' accordingly

    0 0
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