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SmartMoney.com: Stock Slumping? Learn2 Put Linux in Your Press ReleaseDec 15, 1999, 00:07 (1 Talkback[s])
(Other stories by Cintra Scott)
"Want to know how to make a stock go nuts? Issue a press release with the magic word "Linux" in it."
"That's what Learn2.com (LTWO) did this morning and the stock flew 64% from $3.03 to $4.97 by the closing bell. It led the Nasdaq in trading volume as more than 34 million LTWO shares changed hands -- 46 times its average daily volume. And the big gain came despite the fact the Nasdaq itself tumbled."
"The stock-stirring press release said exactly this: Learn2.com will be expanding its online Linux tutorials. Seems that was enough to struck a chord with the investment community. After all, now investors can finally learn what the heck it is they've been pouring their money into for the past few weeks."
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