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Reuters: Linux hype sends Corel on tear

[ Thanks to Benno
Senoner
for this link. ]

“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

Related Story:
Applix and Corel
stocks up sharply after Applix talks on Radio Wallstreet
(Aug
27, 1999)