Rant Ahoy!

I got the letter to IPO investors today from the people suing Red Hat, the underwriters and the senior management at the time.

Crapolla. You invested money in a company, and the stock crashed. Boo-hoo. Shit happens. But, in this wild & wacky world, if we loose money, we can always sue, and maybe get back the $9/share we’ve lost (IPO was $14, current is ~5.5, and Oh! I almost forgot – the split. So you really only lost, what, $2/share if you’ve held it since the IPO?)

Boo fucking hoo. Get over it guys. Yeah, things could have been done better, and I’m no fan of Goldman or e*Trade, but Bob, Matt & Marc didn’t have anything to do with that. Hell, Bob has apologized several times for the mistakes that were made. But I have faith in the company, and didn’t buy stock just to make a buck in the next six months.

So now you’ll sue, and probably bankrupt the company, and will it be their fault? Nope. Your greedy whiny asses will have. Just because all you really wanted was to make a buck, and not because you believe in what the company is doing.

Fuck off.

About Kevin Sonney

Kevin Sonney - who, contrary to popular opinion was NOT raised by wolves - grew up in central North Carolina. He fell into the technology field by accident in 1991, when he gave up the wild and crazy lifestyle of an on-air AM radio DJ to become a mundane technical support monkey. The technology industry has never really recovered from this. Kevin has worked for such names as IBM, Red Hat, webslingerZ, and Lulu Technologies (we won't mention the ones that didn't survive the experience). He currently works as a Linux Administrator for Apptio. In his spare time he rescues stray animals and plays video games with his two sons. His wife, we're sad to say, helps him get past the really hard bits. Kevin is still not very mundane, he just got better at hiding it.
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2 Responses to Rant Ahoy!

  1. badger says:

    See “Why I don’t treat the stock market as anything but a gamble”. The long view shows that overall on a long enough timeline (fifteen years seems to be a decent “long enough”) people make money in the stock market. Viewed that way, it’s a share in several casinos. Never ever worry about a signle data point fluctuation. The odds even out.

  2. flavor says:

    ..it was an interesting read.

    Of course, I’m surprised your reaction wasn’t more along the lines of “oh, I finally got the crap class action package mentioned on testers-list last week” :) heh

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