So much for my theory on Monday. Maybe tomorrow will be better. See
The Night Watch: Linux
Stocks Soar on Microsoft's
Woes
By Eric Gillin
Staff Reporter
4/3/00 8:55 PM ET
Got Linux?
Got anything to do with
Linux?
Know how to say Linux?
Anything Linux-related rose heavily in after-hours
trading as investors turn away from Microsoft
(MSFT:Nasdaq - news - boards) in favor of one
of its biggest sources of competition. Software
makers, platform designers and major market
names affiliated with Linux all put on the feed
bag in postclose news.
Corel (CORL:Nasdaq - news - boards),
perhaps best known for its recent advance into
the Linux market, rose 1 53/64 to 12 9/64 on
166,000 shares on Instinet and 2 1/32 to 12
11/32 on 445,000 shares on Island. Inprise
(INPR:Nasdaq - news - boards) might have
different characters, but essentially told the
same story. It rose 1 97/256 to 8 1/8 on 20,000
shares on Island.
Red Hat (RHAT:Nasdaq - news - boards) was a
fashionable choice this evening, gaining 5 1/64
to 47 9/64 on 163,000 shares on Instinet and 5
1/4 to 47 1/4 on 309,000 shares on Island. This
company makes an operating system that runs
on Linux. It performs a similar function to
Microsoft's Windows program with one glaring
difference -- Red Hat's source code is open,
meaning companies can look inside the guts of
its programs to modify it.
Another Linux supporter, Sun Microsystems
(SUNW:Nasdaq - news - boards) rose 2 3/16 to
92 on 230,000 shares in after-hours trading on
Instinet and 3 to 93 on 52,000 shares on Island. |
