I sold my RedHat stock today (Score 1)

I sold my 1000 shares of RedHat stock today for $12.50/share...a tidy profit from the $4.50 buy-in about a year ago.

From everything I read and from my own gut reaction to RedHat's new business model, I think that there is going to be a big wake-up call over the next few quarters as RedHat finds it may have sold into a few Fortune 500 companies, but lost the rest of the world. I just don't see how that is viable. As all the stock valuation basics say that RedHat is vastly overpriced now, and my feeling is that there will only be bad news from them in the future, it is time to get out.

I then sent a letter to RedHat. I explained why I sold my stock. I also explained that I was right in the middle of the bell curve of their previous business model. I bought a boxed set ever 12-18 months and I bought a subscription for support updates. I explained that I supported their work and felt they had nailed the value of their development, support, and updates on the head before and that I felt that they were entitled to a reasonable profit from it. However, the new pricing and subscription model is usurious. I believe it will drive away the people who use RedHat distributions on their own and who have been instrumental to bringing it into business, government, and education; moving to other distributions with now much more reasonable pricing and support models.

It isn't like RedHat has a monopoly. I think that they will find that out real soon.

So, I'm on to SuSE for now. My RedHat investment has been liquidated, both on my desktop, my servers, and in my portfolio.