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Linux.com: Stock Prices Don't Matter

May 21, 2000, 14:10 (0 Talkback[s])
(Other stories by Rob Bos)

"Quite a fair bit of emotion has been spilled recently over the stock market. Microsoft, for instance, has gone down by nearly half its value -- from about $120 to under $70. This is only one small example of the overall decline in the amount of imaginary money that software companies have commanded. To them, this is a serious problem. Most commercial companies rely on their stock price to drive perceptions of their success in the market. Stock options in some way drive a very large number of decisions that commercial software companies make, from product announcements to company buyouts to any number of other small things."

"Stock price has in recent years been a primary motivating factor behind too much of the industry. It's an unhealthy obsession that causes developers and companies to focus on the acquisition of greater and greater amounts of wealth -- playing the "Stock Game" rather than actually trying to do something as revolutionary as create quality software."

"Even Linux companies haven't been totally immune. Obsession over stock price has, despite pragmatic caution on the part of Linux developers and users, still reached a somewhat irrational pitch among some people."

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