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E-Commerce Times: Caldera IPO Marks First Linux Disappointment

Mar 24, 2000, 00:05 (2 Talkback[s])
(Other stories by Matthew W. Beale)

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"Although the offering lived up to some analysts' expectations for a strong showing, Caldera failed to repeat the meteoric opening performances of Red Hat, Inc. (Nasdaq: RHAT), Cobalt Networks, Inc. (Nasdaq: COBT) and VA Linux Systems (Nasdaq: LNUX)."

"Red Hat went public in August 1999, creating what many experts have labeled "Linux hysteria." The North Carolina-based Linux vendor closed up 371 percent at the end of its first day of trading."

"Server appliance developer Cobalt Networks, Inc. experienced a jolt of almost 490 percent in its first day on the Nasdaq in November 1999. However, VA Linux shattered the mark in early December 1999, when it closed up almost 700 percent."

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