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Linux.com: The Business of Linux

Nov 29, 1999, 16:15 (3 Talkback[s])
(Other stories by Jerry Hatchett)

"The business of Linux can best be described with one word: BOOM! It's no normal boom, mind you. It's a thundering boom, the kind that's shaking windows from Wall Street to Redmond. Investors across the land are embracing the big Linux plays with a fervor and the trend shows no lasting signs of reversal or weakness. Red Hat got the big train out of the station, and Cobalt Networks was not far behind. Why all the fuss? That's an easy answer. Investors love to bet on the future, and they see Linux as a big part of the future financial landscape."

"To be clear, there are many in the investment community who are shocked and even appalled at the valuations of Linux-related stocks. They point out unproven track records and minuscule sales as compared to other stocks with prices like these. They moan and groan and warn that it can't last. They use scary sounding terms like "speculative bubble," implying that the tiniest prick will burst the shell into a jillion pieces and end the ride for those on board. They also get cricks in their necks as they stand on the sidelines and watch the stocks soar ever higher into the stratosphere. Then the market closes for the day, and they go home and whine some more about how impossible the whole situation is, despite the fact that they just witnessed not only the possibility but the hardcore reality."

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