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East Bay Business Times: Linux Makes New PC Waves, and Profits

Jan 22, 2003, 01:00 (6 Talkback[s])
(Other stories by Jim Cole)

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"Mike Kelly, CEO of Emeryville research firm Techtel Corp., got a surprise this month when he re-examined corporate attitudes toward the Linux operating system.

"'Wow. It's doing better than I thought it was,' he said.

"In the three years since the infamous VA Linux IPO catapulted 700 percent to $320 in its first day of trading and then dropped like a stone to below $10, many things have changed.

"VA Linux as a seller of servers is gone, reborn as VA Software Inc., a Fremont-based collaborative software company whose stock trades around $1 a share. Analyst and industry hype about Linux is gone. Shares of leading Linux software distributor Red Hat Inc. are down 95 percent from their levels of late 1999.

"Yet, Red Hat is now profitable..."

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