Friday, January 7, 2000

Everybody File for an IPO! -- 9:35 am CST, Update by A.T. Hun

If you have a pulse, you realize that there is a feeding frenzy in the stock market on anything having to do with technology. The current darling is Linux. Red Hat went public and made a small fortune (as of this moment it is trading at 244 1/4 per share). Trying to ride this wave is a "company" called LinuxOne who a) copied Red Hat's S-1 statement almost verbatim (except that it has $0 in sales), and b) consists of $150,000 put up by the president and $5000 in equipment (most likely, a web server). Sadly, these idiots will probably make a mint. Investors who know nothing about the technology yet somehow have money to burn, will lose it (money) by the bushel. Check out The Motley Fool's article on LinuxOne for a good lesson on what NOT to invest in. Thanks Slashdot.

News for 01/07/2000

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