Motley Fool: 2000: Year in Review - The Losers

Dec 29, 2000, 20:41 (6 Talkback[s])
(Other stories by Paul Commins, Chris Rugaber)

"Unlike last year, when the 10 worst-performing stocks were all over the map, this year's list reads like a collection of burst bubbles: Linux stocks, B2B, Internet incubators, and telecom equipment companies, among others."

"Linux Gets Ahead of Itself
While companies associated with the open source Linux operating system enjoyed a huge run-up last year, this year was another story. VA Linux (Nasdaq: LNUX) and Red Hat (Nasdaq: RHAT), number one and number six on our list, respectively, were clobbered for 95% and 92% losses."

"While shares of the two companies have tracked each other in recent months, it will be interesting to see if they diverge as their fortunes change. Either way, both companies' shares initially assumed a tremendous future for the nascent Linux software market, which is still working to gain consumer acceptance."

Complete Story

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