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Reuters: Linux hype sends Corel on tear

Aug 30, 1999, 16:07 (3 Talkback[s])
(Other stories by Susan Taylor)

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"Linux fervor continued to fuel massive gains for Corel Corp. on Monday as the software developer basked in spillover from a U.S. rush for firms associated with the operating system."

"Corel touched a peak of C$10.25 in heavy morning trade before backing off to C$9.15 on the Toronto Stock Exchange, a gain of 85 Canadian cents, or nearly 11 percent. On the Nasdaq, the issue gained 9/16 to $6-3/16."

"That follows a climb of nearly 24 percent in Toronto on Friday, when the issue gained C$1.60 to close at C$8.30."

"The meteoric rise is linked with a market push for Linux plays that kicked off on Friday."

Complete Story

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