[ Thanks to Benno
Senoner for this link. ]
“Shares of Applix Inc., a maker of Java-based business software,
soared for a second straight trading session Monday amid Internet
chat-room speculation that the company is poised to become a
darling of the trendy Linux software movement, analysts said.”
“Westboro, Mass.-based Applix was the most active issue on the
Nasdaq stock market in morning dealings, gaining $4.50, or 27
percent, to $21 on volume of more than 5.6 million shares. The
stock gained $6.50 on Friday to close at $16.50.”
“Rick Berry, an analyst with brokerage J.P. Turner & Co.,
said Applix was rising on investor hopes that the stock would
emerge as a new star of the Linux firmament, joining Red Hat
Software, which is up 450 percent from its Aug. 11 stock market
debut.”
Related Story:
Applix and Corel
stocks up sharply after Applix talks on Radio Wallstreet (Aug
27, 1999)
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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