ShowMeLinux.com: Investors are Woozy from Linux Stock
Aug 02, 2000, 22:29 (2 Talkback[s])
(Other stories by Michael Omand)
Desktop-as-a-Service Designed for Any Cloud ? Nutanix Frame
[ 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."
- Upside: Raleigh is on the map(Jul 12, 2000)
- LinuxStockNews: Mid Year Review - Secondary Linux Stocks (July 3, 2000)(Jul 04, 2000)
- LinuxStockNews: Mid Year Review - The Major Linux Players (July 3, 2000)(Jul 04, 2000)
- ComputerWorld: TurboLinux cuts jobs(Jun 02, 2000)
- Linux Magazine: Investing For All the Wrong Reasons(May 28, 2000)
- Silicon.com: The Agenda Setters: VA Linux chief calls for IPO rethink(May 18, 2000)
- Canoe.com: Hype is dead, but Linux lives(May 15, 2000)
- On24: Audio: Analyst Says Future of Linux-based Companies' Stocks Is Dim(May 06, 2000)
- LinuxWorld: Life without Red Hat And other unpleasant possibilities(May 05, 2000)