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ZDNet UK: Linux stocks go from famous to forgotten

May 26, 2000, 14:01 (4 Talkback[s])
(Other stories by Larry Dignan)

"Where have all those grandiose Linux stocks gone? Linux stocks have gone from famous to forgotten in just a few months despite evidence that the open-source operating system is gaining momentum. Investors loved Linux stocks when they were young and unproven. Now Linux companies are sounding like grownups and delivering good quarters, Wall Street can't stop yawning."

"Wall Street is prone to overreaction -- in both directions. When a hot growth market appears, Wall Street hops on the bandwagon -- sometimes years ahead of any fundamental evidence. As investors move on to something knew, the previous buzz is forgotten."

"Despite Thursday's gains, Red Hat is hovering around 52-week lows. VA Linux reports strong third quarter results and shares barely budge. Granted, we're in a bear market, but Linux stocks are taking a lot of abuse these days."

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