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TechWeb: Microsoft Fallout Spurs Early Linux [Stock] Bounce

May 01, 2000, 21:39 (0 Talkback[s])
(Other stories by Stuart Glascock)

"The U.S. government's proposal Friday to split software giant Microsoft into two companies is already proving a boon to upstart Linux companies, as several Linux stocks were trading significantly higher in midday market action Monday."

"Some Linux stocks, which had not been performing well, got a shot in the arm Monday morning, indicating that at least some investors believe the potential breakup will spur innovation and growth in the Linux community."

"Corel (stock: CORL), for example, was up 1 15/32. Caldera (stock: CALD)was up 2 3/8. Red Hat (stock: RHAT) posted a 3 3/4 gain at the halfway mark."

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