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Real reason

Posted Jun 16, 2004 5:35 UTC (Wed) by josh_stern (guest, #4868)
In reply to: Real reason by ncm
Parent article: Red Hat's Red Flags (Motley Fool)

Is it known that the CFO quit voluntarily? The
language "leaving to pursue other interests" and
"spend more time with his family" are typical codewords
for an executive getting fired.

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Real reason

Posted Jun 16, 2004 18:35 UTC (Wed) by smurf (subscriber, #17840) [Link]

So either he quit because the numbers are bad, or he got sacked because the numbers are bad.

Either way, the numbers are (likely to be -- no insider information here) bad.

Nope

Posted Jun 16, 2004 19:45 UTC (Wed) by JoeBuck (subscriber, #2330) [Link]

The numbers are not bad. Red Hat put out an emergency preview announcement, evidently to head off rumor-mongers. It seems their revenue and profits are both up.