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Upside: Sun-Cobalt deal boosts confidence in Linux sector

Sep 22, 2000, 00:39 (1 Talkback[s])
(Other stories by Sam Williams)

"Just when you thought you had the Linux sector pegged -- not too hot, not too cold, just the right kind of investment arena for your 3-year-old daughter's Ivy League/BMW trust fund -- things get all wacky again."

"Of course, I'm talking about Sun's (SUNW) recent $2 billion acquisition of Cobalt Networks (COBT), which it announced on Tuesday. Coming on the heels of a mini-rebound in the Linux sector over the last month, Sun's decision immediately inflated market values for the sector's Top 3 companies."

"It's a endorsement for the open source space," says Keith Bachman, an open source analyst for ABN AMRO. "Coming from Sun, I think that's particularly interesting."

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