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TechWeb: Microsoft Fallout Spurs Early Linux [Stock] Bounce

Written By
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Web Webster
Web Webster
May 1, 2000

“The U.S. government’s proposal Friday to split software giant
Microsoft into two companies is already proving a boon to upstart
Linux companies, as several Linux stocks were trading significantly
higher in midday market action Monday.”

“Some Linux stocks, which had not been performing well, got
a shot in the arm Monday morning, indicating that at least some
investors believe the potential breakup will spur innovation and
growth in the Linux community.”

“Corel (stock: CORL), for example, was up 1 15/32. Caldera
(stock: CALD)was up 2 3/8. Red Hat (stock: RHAT) posted a 3 3/4
gain at the halfway mark.”

Complete
Story

thumbnail
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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