“Unlike last year, when the 10 worst-performing stocks were all
over the map, this year’s list reads like a collection of burst
bubbles: Linux stocks, B2B, Internet incubators, and telecom
equipment companies, among others.”
“Linux Gets Ahead of Itself
While companies associated with the open source Linux operating
system enjoyed a huge run-up last year, this year was another
story. VA Linux (Nasdaq: LNUX) and Red Hat (Nasdaq: RHAT), number
one and number six on our list, respectively, were clobbered for
95% and 92% losses.”
“While shares of the two companies have tracked each other in
recent months, it will be interesting to see if they diverge as
their fortunes change. Either way, both companies’ shares initially
assumed a tremendous future for the nascent Linux software market,
which is still working to gain consumer acceptance.”