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Upside: A Perle of a buy

Mar 30, 2000, 15:42 (0 Talkback[s])
(Other stories by Bob Beaty)

"In what will likely be remembered as the great Linux love-fest of Q4 1999, stocks such as Red Hat (RHAT) and Corel (CORL) showed up on investor radar screens, screaming into view at high speed with their gear down. One Canadian company, Perle Systems (PERL), got caught in the Linux tail winds, but then continued on after the turbulence to build on the 25 years of experience that brought it, at last, to investors' attention."

"Instead of becoming all things Linux, as has Corel, Perle intends to add Linux systems to its already successful roster of client networking applications."

"Integral to this strategy was Perle's $11 million ($8 million cash, the balance in stock) acquisition of UK-based Chase Research Limited, a leading supplier of serial connectivity products to the NT and Unix/Linux markets."

Complete story.

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