NY Times: Why Few Funds Are Lining Up to Buy Linux | Linux Today

NY Times: Why Few Funds Are Lining Up to Buy Linux

Written By
Web Webster
Web Webster
Aug 20, 2000

[ Thanks to Kevin
Reichard
for this link. ]

“Remember Linus Torvalds? Last year, the Linux operating system
he created was going to revolutionize the software industry, do
more damage to Microsoft than the Justice Department and make
investors rich. This year, Linux stocks have been in a prolonged
downward spiral, and Mr. Torvalds has been replaced as a media
favorite by Napster’s founder, Shawn Fanning, the latest
technologist viewed as most likely to wreak havoc on traditional
businesses.”

“Individual investors might see the depressed stock prices of
the companies that sell services and products supporting the free
Linux operating system as a buying opportunity. Last week, the
stocks even showed signs of recovery after a Linux conference in
San Jose, Calif.”

“But a key problem remains: Wall Street is not buying the
Linux pitch. Professional money managers have done little beyond
pocketing quick gains after the gold rush last year of initial
public offerings.


Complete Story

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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