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CNET Sour market pushes Linux stocks below IPO price

Apr 14, 2000, 21:39 (3 Talkback[s])
(Other stories by Stephen Shankland)

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"The dour mood on Wall Street has dragged three Linux company stocks below their initial public offering price, and others aren't far behind."

"Linux seller Caldera Systems, which debuted at $14 a share in its IPO less than a month ago, closed regular trading at $9.56 today, down 11 percent. Andover.Net, the collection of Linux and programming Web sites that launched in December at $18 a share, closed at $10.13, down nearly a third. And VA Linux Systems, the Linux computer maker whose $30 IPO price soared a record 697 percent to close at $239.25 on its opening day, sunk to $28.94, a drop of 19 percent for the day."

"Other Linux companies aren't faring much better."

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