CBS Marketwatch: Linux stocks surge with IBM backing
Dec 13, 2000, 22:24 (1 Talkback[s])
(Other stories by Mike Tarsala)
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"Shares of recently battered Linux-related stocks surged
Wednesday after Lou Gerstner, IBM's chief executive, announced
Tuesday that Big Blue will invest $1 billion in Linux next
year...."
"Doubts are lingering that the Linux companies will be
successful long-term. While it's clear that IBM will benefit from
Linux hardware sales, VA Linux could be challenged in competing
with Big Blue. It may be difficult for the Linux-related companies
including Red Hat to compete for large service contracts. And
profit from Linux software in 2001 may be elusive, at best."
"'This is more of a short-term impetus for the stocks right
now,' said Keith Bachman, analyst with ABN Amro. 'We don't see the
long-term trends for either VA Linux or Red Hat sustaining this
rally.'"
Complete Story
Related Stories:
- Motley Fool: IBM Keeps Backing Linux(Dec 14, 2000)
- Ch@nnelWeb: Gerstner: IBM To Place Billion-Dollar Bet Linux Could Overtake NT(Dec 14, 2000)
- CNET News.com: Red Hat shares climb on earnings optimism(Dec 13, 2000)
- FT.com: IBM to spend $1bn on Linux(Dec 13, 2000)
- The Hindu Business Line: Will Linux rule at Microsoft's expense?(Dec 13, 2000)
- ZDNet UK: Gerstner's $5bn spending spree includes $1bn IBM investment in Linux next year(Dec 13, 2000)
- CNET News.com: IBM to spend $1 billion on Linux in 2001(Dec 13, 2000)
- Enterprise Linux Today: With DB2 Mainframe, Clustering Support, IBM Has Linux Marketing Covered(Dec 12, 2000)
