Forbes: Corel to benefit from Linux mania

[ Thanks to Dominic
Duval for this link. ]

“The open-source Linux operating system has generated huge
financial windfalls for companies like Red Hatwhich has seen its
stock climb more than 100% from $40 a share when it first started
trading in August to its current level of about $87. That’s good
news for struggling Canadian software maker Corel, which could be
the next company to benefit from Linux mania when it releases its
own version of the OS, Corel Linux, next month at the COMDEX trade
show in Las Vegas.”

“Some market pundits are expecting the official launch of Corel
Linux to light a fire under the company’s dormant stock, which as
of Wednesday afternoon was trading at $5.56 a share and for the
most part has drifted in the $2 to $8 range for the past three
years. Duncan Stewart, portfolio manager at Toronto-based Tera
Capital believes the stock could jump as much as 20% on the
launch–an estimate he considers conservative. “One of the nice
things about playing in the Linux market is that sometimes just the
announcement itself is good enough [for a pop in the stock],” he
asserts. “Corel is a good sleepy business and this will provide the
sizzle.“

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