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Forbes: Live by Linux, die by Linux

Feb 03, 2000, 20:02 (4 Talkback[s])
(Other stories by David Einstein)

"Question: How can a stock trading at more than three times its asking price just two months after going public be a dog? Answer: When it belongs to VA Linux Systems.

The upstart computer maker set a record on Dec. 9, 1999, when its newly minted stock came out at $30 per share and closed at $239--a first-day gain of roughly 700%. Since then, however, the shares have slid downhill faster than Alberto Tomba in the giant slalom, falling to as low as $107.88 on Tuesday. On Wednesday, the stock surged $29 to $136.88 as the entire Linux sector rallied.

Ironically, what has brought VA Linux (nasdaq: LNUX) down to Earth (or as close to Earth as you get in today's tech market) appears to be the same thing that turbocharged its stock in the first place: the explosive popularity of Linux."

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