Hi John,
Yes, any and all the Linux stocks have been down. But undeniably, INPR is down 50% since the merger announcement. Inprise has had great news since the merger: Interbase spin-off and open source, JBuilder for Linux is shipping, Enterprise product deals, TurboLinux investment and working agreement, Kylix news, demos and updates, etc. Inprise seems to be firing on all cylinders and heading for a profitable quarter this year.
Unfortunately, we're tied to a company that had a horrible quarter with revenue disappointment in both its core products and new linux distribution (Corel Linux revenues fell about 50% Q/Q), has multiple class action lawsuits filed, has a CEO that shoots his mouth off on a CC, stating that no other Linux company is making a profit, why should Corel? Gives guidance that revenues will stink for the next 2 quarters (at least). Then they release their WP Office suite for Linux, which is just a copy of their windows version, optimized to run on a windows emulator for Linux.
I guess we should be lucky that the stock isn't at 5!
Dennis |
