ZDNet UK: Linux stocks go from famous to forgotten | Linux Today

ZDNet UK: Linux stocks go from famous to forgotten

Written By
Web Webster
Web Webster
May 26, 2000

“Where have all those grandiose Linux stocks gone? Linux stocks
have gone from famous to forgotten in just a few months despite
evidence that the open-source operating system is gaining momentum.
Investors loved Linux stocks when they were young and unproven. Now
Linux companies are sounding like grownups and delivering good
quarters, Wall Street can’t stop yawning.”

Wall Street is prone to overreaction — in both directions.
When a hot growth market appears, Wall Street hops on the bandwagon
— sometimes years ahead of any fundamental evidence. As investors
move on to something knew, the previous buzz is
forgotten.

“Despite Thursday’s gains, Red Hat is hovering around 52-week
lows. VA Linux reports strong third quarter results and shares
barely budge. Granted, we’re in a bear market, but Linux stocks are
taking a lot of abuse these days.”

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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