How Low Can Public Open Source Companies Go?
Nov 20, 2008, 17:33 (0 Talkback[s])
(Other stories by Sam Dean)
[ Thanks to sakgarg
for this link. ]
"Red Hat, Novell, and Sun Microsystems are all
companies that I'd like to see continue their open source
leadership without the meddling of huge corporate parents, but one
has to wonder how cheap these companies can get in the public
market before their independence is threatened.
"The stock market just closed a few minutes ago. Red Hat's stock
dropped just shy of 10 percent on the day, and Novell's did too.
Both stocks got hammered far harder than the five to six percent
declines for the various market indexes. Sun fared worse, dropping
nearly 12 percent for the day. Sun and Novell both sell for under
$5 a share, and Red Hat sells for under $10 a share."
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