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CBS MarketWatch: Linux glow takes Corel into record territory

Dec 08, 1999, 20:58 (0 Talkback[s])
(Other stories by Susan Taylor)

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"Shares of Canadian software developer Corel Corp. rode Linux mania to a record high on Wednesday as interest in the open-source Linux technology continued to surge."

"The previous record high, C$40.95, was hit November 29, when rumors swirled that Corel was a takeover target for Linux firm Red Hat Inc. , of Durham, N.C."

"The massive swell comes as Linux firm Andover.Net Inc. of Massachusetts priced its IPO shares at $18 on Wednesday, at the high end of an upwardly-revised range. The company has a network of Web sites with content and commerce aimed at the Linux and open-source community. On Tuesday, California-based VA Linux Systems Inc. , which is selling Linux software and systems, pushed up the price of its IPO shares to $21-$23 per share from $11-$13."

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