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CRN: Linux Lovefest On Wall Street

Aug 20, 1999, 22:41 (1 Talkback[s])
(Other stories by Heather Clancy)

"It was a financial-world nail biter. On the eve of Red Hat Software's initial public offering, the stock market didn't look all that friendly. The Nasdaq had retreated in recent weeks, and other IPO candidates already had pushed back their debuts.

But Red Hat didn't looked back and watched its shares rise from the $14 opening to more than $50 the first day."

"So why wait? By all accounts, Linux is reliable. It upgrades easily, is customizable and is easy to obtain. It seems priced right, and with distributors such as Tech Data jumping on board to offer technical support services, smaller VARs and integrators-especially those that build their own hardware anyway-are constructing their own value-added Linux practices. Face it, Microsoft has been encouraging its partners to ramp up services for Windows 2000 and rely less on product revenue as it alters its enterprise licensing arrangements. Sounds very similar to the Linux model, doesn't it?"

"So could the commercialization of Linux result in bad blood, spoiling a good thing? Wall Street sure doesn't think so. Ultimately, the answer doesn't matter. What does matter is that an entrepreneurial group of developers has infused the software world with excitement and innovation, something that Microsoft has failed to do."

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