“Record pops in stock prices fueled by exuberance for the
comparatively new operating system have been replaced by a more
gloomy reality in which several Linux stocks have sunk below their
initial public offering prices.”
“Red Hat chief financial officer Hal Covert said in an interview
that it hasn’t been pleasant watching the company’s stock price
plummet. “We’re always concerned when our stock price goes down,”
Covert said. But the company, he added, is undaunted.”
“Some of the diminished investor enthusiasm for Linux is a
hangover from the sour experience some investors had with
unprofitable Internet companies, he said. At the same time, he
added that “some of the Linux companies (are) overvalued relative
to their business plan.“
