SmartMoney.com: A (Red) Hatful of Rain
Jun 08, 2002, 01:00 (16 Talkback[s])
How to Help Your Business Become an AI Early Adopter
[ Thanks to Brent Marinaccio for this
"Four small Linux distributors announced a plan to band together
against industry leader Red Hat (RHAT). SuSE, Turbolinux, Conectiva
and Caldera International (CALD) will collaborate to create a
common operating-system core called UnitedLinux.
"You can smell the desperation. Caldera, the only public company
among the four, saw its stock drop 2% on the news. Two years ago,
Caldera shares hit a high of $109.50. Now, they're 95 cents.
Meanwhile, Red Hat stock rose 8% to $4.72. The announcement seemed
merely to underline Red Hat's dominance.
"Red Hat shareholders, however, might ask what good dominance
has brought them at a company that has failed to earn itself a
dime. A penny, even..."