ShowMeLinux.com: Investors are Woozy from Linux Stock | Linux Today

ShowMeLinux.com: Investors are Woozy from Linux Stock

Written By
Web Webster
Web Webster
Aug 3, 2000

[ Thanks to Bruce for this link.
]

“In the past year, stock in Linux companies have taken some
remarkable roller-coaster rides. Red Hat made its IPO (initial
Public Offering) on NASDAQ on August 11, 1999, at $14/share – and
it closed at $51, a 364% increase in value, in one day! Red Hat has
since traded as high as $151.”

“VA Linux systems made its IPO for $30/share on Dec 12, 1999,
and it was trading at $239.25 by the end of the trading day, nearly
an 800% increase in value. Since the phenomenal rise of these
stocks, they have plummeted in value (though recently prices seem
to have stabilized).”

“Corel, Linuxcare, and TurboLinux have all had their financial
woes displayed in the public arena.”

Why the volatility with Linux stocks?

“Well, the answer lies in an event that happened just after
World War II. And it has to do with births.”

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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