[ Thanks to G. Bruntrup for this
link. ]
“Canadian software maker Corel Corp., one of the hottest
software companies this quarter, shot up again on Thursday thanks
to the VA Linux IPO and the strength of Linux software.”
“Corel (corl) shares have enjoyed meteoric gains, up more than
six-fold from early November. Shares have rocketed 193 percent from
its low on Dec. 1 to its intraday high on Thursday. Almost all of
its gains come due to market excitement for the company’s ties to
the snowballing Linux movement….”
“Anybody who touches stocks in certain spaces right now is
going to see some updraft — and Linux is one of them,” said
Mark Dicioccio, head of the West Coast Technology Group for Lehman
Bros. “With Corel, there’s a certain degree of buy-first, ask
questions later. Longer term, management always matters.”