To All: Maybe there is a silverlining in all this-maybe these guys can take up a class action suit against MSFT and say that MSFT led the market down to put these poor babies out of business.
Sour market pushes Linux stocks below IPO prices
By Stephen Shankland
Staff Writer, CNET News.com
April 14, 2000, 1:30 p.m. PT
update The dour mood on Wall Street has dragged three Linux company stocks below their initial public offering prices, and others aren't far behind.
Linux seller Caldera Systems, which debuted at $14 a share in its IPO less than a month ago, closed regular trading today at $9.56, down 11 percent. Andover.Net, the collection of Linux and programming Web sites that launched in December at $18 a share, closed at $10.13, down nearly a third. And VA Linux Systems, the Linux computer maker whose $30 IPO price soared a record 697 percent to close at $239.25 on its opening day, today sank to $28.94, a drop of 19 percent.
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Quote Snapshot
RHAT 24.12 -3.88
CALD 9.56 -1.19
ANDN 10.12 -4.88
LNUX 28.94 -6.88
CBT 25.56 -1.62
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The market hammered all technology stocks this week, but it's not unusual for prices to settle after an IPO spike. The Linux stock slide has been going on for months. Still, the continuing decline will likely force investors to revisit the ongoing debate surrounding Linux: How does one make money from software that can be obtained for free?
JFD |
