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Red Herring: Wall Street likes that Linux spirit

“As share prices of the publicly traded Linux-related companies
continue to burn up the charts, they appear to be lending a new
credibility to the open-source movement and providing more
ammunition for the anti-Microsoft camp.”

“On Wednesday, Red Hat Software (Nasdaq: RHAT) popped 8.75
points to $116.75, reaching a new high and giving the company a
market cap of slightly more than $7 billion.”

“Other Linux-related companies followed the leader. Applix
(Nasdaq: APLX) added 1.88 to close at $19.00, and Corel’s (Nasdaq:
CORL) Nasdaq shares added .25 to close at $5.81, pointing to a
rising tide for the Linux market as a whole.”

Complete
Story