Comment Profit?? (Score 1) 169
Not much profit, if you ask me. Redhat made $44.9 million in Net Income in its 2005 fiscal year. The year before $14.0, 2003 -6.6, 2002 -140(!!). In its history this company has cumulatively lost $174 million dollars!
And they just announced last night that they are going to have to pay $20 million into this organization that is buying up patents to protect linux from lawsuits. Of course, from an accounting perspective that's an investment, not an expense. Considering there will be no return from this 'investment', maybe we should consider that it would wipe out half of last years profits if looked at as an expense.
And they just announced last night that they are going to have to pay $20 million into this organization that is buying up patents to protect linux from lawsuits. Of course, from an accounting perspective that's an investment, not an expense. Considering there will be no return from this 'investment', maybe we should consider that it would wipe out half of last years profits if looked at as an expense.
