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CNET News.com: Sour market pushes Linux stocks below IPO price

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

"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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