[adam_az]

This isnt' that big a deal.

Red Hat, which announced its first quarter results last month, now expects to revise its revenue to a range of $41.2 million to $41.7 million. The company had previously reported first quarter revenue of $41.6 million.

The company's first quarter net income, meanwhile, is expected to range between $10.3 million and $10.7 million. Previously, the company announced first quarter net income of $10.7 million.

For fiscal 2004, the company expects to restate its revenue somewhere between $123.8 million and $124.8 million, compared with its previously reported $126.1 million. Red Hat is also lowering its net income to a range of $13.2 million to $13.7 million. The company previously announced its net income would reach $14 million.

Red Hat also expects to lower its fiscal 2003 revenue to around $89.7 million to $90.3 million, compared with its previously announced $90.9 million. And the company's net loss for the year is now expected to be in the range of $6.9 million to $7.2 million, compared to the previously stated loss of $6.6 million.

[theDentist]

Musta been a bad cpu chip....

[NavySEAL F-16]

I've learned never argue with the trend. And, this trend is going down! The market is never wrong.

Just take a look at the P/E. It's always been a spec stock and some people won big and some lost even bigger.