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..."