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TheStreet.com: Linux Stocks Suffering As Microsoft Soars

Sep 26, 2000, 18:25 (17 Talkback[s])
(Other stories by Eric Gillin)

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"Naturally, [MS] investors were jubilant at the news, sending the stock, which was near 52-week lows, up $2.25 to $63.50 on 46 million shares, making it the second most actively traded Nasdaq issue."

"So how did tech stocks react to the news? Well, not really too much. The Nasdaq Composite Index was right around break-even..."

"Linux-related stocks, those brave souls in competition with Microsoft's dominant Windows operating system platform... have been hurt. Red Hat... fell 75 cents to $18.94. ... VA Linux... took the biggest dollar drop, falling $1.13 to $47.31."

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