LA Times: Red Hat Shares Soar, Along With Hopefuls' Angst Technology | Linux Today

LA Times: Red Hat Shares Soar, Along With Hopefuls’ Angst Technology

Written By
Web Webster
Web Webster
Aug 12, 1999

“Linux venture’s stock skyrockets 272% on first day. But
chaos taints a special set-aside for programmers.”

“As the share price of Linux flag bearer Red Hat Inc. more than
tripled on its first day of trading Wednesday, the success seemed
to many observers to be the long-sought validation that the “free
software” movement is emerging as a potent alternative to Microsoft
Corp.’s Windows software. But a tragedy of errors by online
brokerage E-Trade Group, which underwrote the offering, left many
of the thousands of programmers who created Linux feeling left out
of the parade.”

Complete
story
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Web Webster

Web Webster

Web Webster has more than 20 years of writing and editorial experience in the tech sector. He’s written and edited news, demand generation, user-focused, and thought leadership content for business software solutions, consumer tech, and Linux Today, he edits and writes for a portfolio of tech industry news and analysis websites including webopedia.com, and DatabaseJournal.com.

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