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IT Management Linux News for May 27, 2000

  • Globe and Mail: B.C. man rethinks buy-and-hold strategy (May 27, 2000, 19:43)
    "For Mr. Liang, IPO definitely stands for Immediate Principal Obliteration, given his experience with Cobalt Networks... He got into Cobalt at $147 a share, and the stock did indeed get up to a high of $170. Unfortunately, from that point it was downhill all the way, with the stock now trading at around $28."

  • CNET News.com/Reuters: Corel workers jump ship ahead of layoffs, cost-cutting (May 27, 2000, 02:22)
    "Employee morale is slumping, and several senior executives are jumping ship as struggling Canadian software developer Corel readies a dramatic cost-cutting plan that could include hundreds of layoffs."