ShowMeLinux.com: Investors are Woozy from Linux StockAug 02, 2000, 22:29 (2 Talkback[s])
(Other stories by Michael Omand)
[ 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."