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LA Times: Red Hat Shares Soar, Along With Hopefuls' Angst Technology

Aug 12, 1999, 18:51 (0 Talkback[s])
(Other stories by Leslie Helm, Charles Piller)

"Linux venture's stock skyrockets 272% on first day. But chaos taints a special set-aside for programmers."

"As the share price of Linux flag bearer Red Hat Inc. more than tripled on its first day of trading Wednesday, the success seemed to many observers to be the long-sought validation that the "free software" movement is emerging as a potent alternative to Microsoft Corp.'s Windows software. But a tragedy of errors by online brokerage E-Trade Group, which underwrote the offering, left many of the thousands of programmers who created Linux feeling left out of the parade."

Complete story.