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Durham Herald-Sun: Linux rides out the bears

Jan 19, 2001, 18:31 (5 Talkback[s])
(Other stories by Lisa F. Smith)

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"Investors in the stock market don't always immediately reward the progress of a company or industry. That seems to be the case with Linux." ... If we ignore the stock market and look at the shipments and acceptance of the software, it was a good year [for Linux,]" said Dan Kusnetzky, vice president of systems software research at International Data Corp."

"Red Hat continues to move toward the goal it set in June to become profitable in 2001. The company posted a net loss from its ongoing business of $900,000 or 1 cent per share for the quarter that ended Nov. 30. Revenue grew 21 percent over the previous quarter to $22.4 million."

"Companies like Sun Microsystems and IBM also continue to swing their support behind Linux. Sun made a suite of office productivity programs, including a word processor, available for use on computers running Linux, and IBM has made all of its server software available to Linux users. IBM chairman Lou Gerstner also announced in December that Big Blue would invest $1 billion to develop, support and market Linux by the end of this year. For IBM, supporting Linux is a competitive decision. "

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