“Linux stocks surged Wednesday in an otherwise-mixed day on Wall
Street as the Fed moved to raise interest rates.”
“Shares in VA Linux Inc., Red Hat Software Inc. and
Andover.net Inc. soared following the news that a new Linux
software to run on Intel Corp.’s next-generation microprocessors
was ready to be released.”
“VA Linux Systems jumped $29 to $136.88, a 27 percent climb;
Andover.Net Inc. rose $7.13 to $36, a 25 percent jump; and Red Hat
increased $15.50 to $108, a 17 percent gain.”
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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