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

Aug 20, 2000, 15:55 (14 Talkback[s])

[ 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."

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