4 ms·
VA Linux is one of those prime examples of stock market mania. Close behind in terms of scale and similar in terms of philosophy/narrative (of the good small ma
by anthony_r 6y ago
VA Linux is one of those prime examples of stock market mania. Close behind in terms of scale and similar in terms of philosophy/narrative (of the good small man sticking it to the evil big machine) to what we saw recently with GameStop. It is even a featured example in recent editions of The Intelligent Investor.
The more things change the more they stay the same.
- asveikau 6y agoAs an outsider, it definitely wasn't obvious at the time. Red Hat is still around. If you look at their wikipedia article and see the photo of the rack mount servers they sold[1], that doesn't seem that ludicrous even today. [1] https://en.m.wikipedia.org/wiki/Geeknet#/media/File%3AServer_Linux.jpg https://en.m.wikipedia.org/wiki/Geeknet#/media/File%3AServer...
- anthony_r 6y agoThe "mania" is in the public perception & pricing of securities. Many "mania" companies were legitimate, or at least had legitimate parts in it (look at the example of GameStop, there's nothing wrong with the company, but it was hilariously overpriced).
- asveikau 6y agoIronically the successor entities to VA Linux eventually became part of Gamestop.