CyberNet Plans an IPO & Motley Fool on LinuxOne 47
The continued reign of Linux on Wall Street has found another sequel with CyberNet planning an IPO. CyberNet is, according to the press release, "a developer of Linux server software". And in an aside, The Motley Fool has an article on the LinuxOne IPO entitled LinuxOne: The Beauty of a Bad Example - Lesson: Caveat Emptor. Very amusing.
Cybernet's NetMAX server (Score:2)
Thanks,
Ken
kmunie@cybernet.com
Cybernet Systems hiring! (Score:2)
www.cybernet.com [cybernet.com]
-f
http://www.peruano.org [peruano.org]
April Fools? (Score:2)
Just a stone's throw (Score:3)
LINUX - Operating System of Choice (Score:1)
"Application-specific servers...are going to be really an explosive market opportunity in the next two years, and Linux is probably going to be the operating system of choice on them," Ferlazzo said. "It sounds like (CyberNet is) right in the sweet spot."
If nothing else, the fact that CyberNet is saturating the financial community with press releases to pump their IPO, with comments like this our exposure is growing by the day!
Re:Cybernet Systems hiring! (Score:1)
Could be a good opportunity if you like cold weather.
Thanks Motley Fool (Score:4)
After reading articles like this one [cnet.com] which actually may convince some silly investors that LinuxOne is a Linux underdog that may take off. Or even worse articles from other mainstream press that merely state that Open Source "enthusiasts" dislike LinuxOne for not being true to Open Source (they usually link to this [technocrat.net]), it is good to see a reputable mainstream site do a quality job of describing LinuxOne to the average clueless investor (when I say clueless i mean with regards to Linux).
In a climate where Salon's stock rises 90% simply because they are going to provide content on RedHat's website, LinuxOne has potential to rise above and beyond their IPO price , fleecing unknowledgeable investors along the way. What's extremely interesting is that the CEO of LinuxOne hold shares of LinuxOne through a charity and thus may be able to cash out if given prior written consent by their underwriter(From ZDNet [zdnet.com]).
All in all kudos to Motley Fool for showing the average investor exactly what kind of company LinuxOne is. I especially like the blurb at the end...
I can't repeat this enough: DO YOUR OWN HOMEWORK. It's a vicious market out there, buyer beware. Don't blindly trust a company's press releases, they're advertising. Don't trust what analysts say about it. Even the Fool has been small-f fooled before, right here in this portfolio. Our original paper money "Simpleton" portfolio included Oxford Health Plans (Nasdaq: OXHP), which one day lost 75% of its value due to "accounting irregularities." I know the stock market's booming like mad but DON'T go on margin, DON'T gamble away money you can't afford to lose, and DON'T put all your eggs in one basket. We don't always repeat that often enough here, so you'd better get in the habit of repeating it to yourself.
If only all individual investors followed this advice maybe the stock market wouldn't be the crazy place it is today.
Linux One web site (Score:2)
Linux One's web site is at LinuxOne [linuxone.net]
Reporter was wrong on one thing (Score:2)
Watch those links... (Score:1)
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But Mum, it's to further my career... (Score:3)
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If You Want to See how Stupid most invesors are... (Score:1)
Perl language. Check it out... went from something like 4 to 55 because a bunch of idiots saw PERL and thought cool
Meta Tags (Score:3)
Re:Watch those links... (Score:1)
Re:April Fools? (Score:2)
I don't know about anyone else here on Slashdot, but I don't plan on investing in LinuxOne. In fact, the only people who'll invest in LinuxOne are retarded day-traders. Fine, let the uninformed invest in a crappy company; I won't lose any sleep when their stock value plummets.
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"You can't shake the Devil's hand and say you're only kidding."
Re:i'LL TELL YOU WHAT.... (Score:1)
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"You can't shake the Devil's hand and say you're only kidding."
One word... (Score:3)
Benjamin Braddock [slashdot.org]: Yes, sir.
Mr. McGuire [slashdot.org]: Are you listening?
Benjamin Braddock [slashdot.org]: Yes, sir I am.
Mr. McGuire [slashdot.org]:
Re:LINUX - Operating System of Choice (Score:1)
Re:Watch those links... (Score:1)
Pretty decent article (Score:2)
Sigh. Stupid LinuxOne, don't ruin it for the rest of us.
Re:LINUX - Operating System of Choice (Score:1)
I felt this was a good thing,press exposure is good and having it milled about in the business, specifically financial communities is great, because thats where business Sr. management is and they are the decision makers on platforms for their IT shops.
Re:April Fools? (Score:1)
Re:If You Want to See how Stupid most invesors are (Score:2)
Besides, Perl isn't a common buzzword like Linux is. I'm just as cynical of modern-day "investors" as the next guy, but I don't think too many would see it as closely tied to Linux.
Powersource email address gone (Score:4)
For those that don't know, using a Hotmail address for business is a violation of the Hotmail Terms of Service.
I got a note back from abuse@hotmail.com yesterday. They've cancelled the account. So, at this point, Power Source doesn't even have an email address.
Re:Just a stone's throw (Score:2)
Re:Powersource email address gone (Score:1)
ARGH! Too late! (Score:1)
Re:Thanks Motley Fool (Score:2)
The problem with the stock market's Linux craze is they push the bad along with the good. Red Hat could be considered reasonable (today) at a valuation around $200/share, but VA Linux Systems is probably only worth $125/share. Yet both are way up there.
When I asked Scott__ about the CyberNet IPO he hadn't even heard of them. Does anyone know anything about these guys or are they a spiffier version of LinuxOne?
Conspiracy Theory (Score:1)
The idea goes something like this: LinuxOne gets as much PR as it can. Does an IPO, which shoots up to rediculously high values. But the company decalares bankruptcy when it cannot generate sales, and the Linux sector as a whole is discredited.
While I am not, as a rule, a perveyor of conspiracy theories, the above scenario seems more plausible to me than the idea that the founder of LinuxOne is so stupid to believe he is going to make money off this non-strategy.
Re:Powersource email address gone (Score:1)
What do you do for living ? Bounty ?
The P.T. Barnum method of getting investors? (Score:2)
Re:Linux One web site (Score:1)
I sure saw the stupid logo with the mailto.
Re:Conspiracy Theory (Score:1)
In Linux market entry level is very low, basic product is free and that mean a lot of competition
Re:Conspiracy Theory (Score:2)
Yes, but Red Hat didn't cause the stock to skyrocket through deceptive techniques. It skyrocketed based on hype, and there's not much they can do about that. What do you do, issue press releases saying "Look guys, when we predicted maybe 30% growth [or whatever they said] a year and limited profits, we actually meant it?" Best you can do is buy other money-making companies and then perhaps the bubble won't burst, or if it does, people won't lose their shirts, just a few buttons.
Re:Powersource email address gone (Score:1)
But how do we know which one of us should get credit for the kill?
Re:Watch those links... (Score:2)
In any case, Junkbuster works just fine for me - in Windows *and* Linux.
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Re:Linux One web site (Score:1)
Re:Linux One web site (Score:1)
Re:Reporter was wrong on one thing (Score:1)
Re:Conspiracy Theory (Score:2)
So, RedHat is using its stock valuation to increase future profitibility by merging with compatible companies with good earnings potential? Sounds like they're doing the right thing, then. Think of it as a positive feedback loop--a higher valuation enables a company to increase its earnings via appropriate mergers, which of course helps justify the high valuation.
In other words, RedHat's investors are in effect giving RedHat money to invest and manage for them. If all RedHat did with the money was make lots of expensive CDROMs with a middling-quality Linux distro on them, I doubt if investors would stay with them very long.
You seem to have missed the fact that RedHat has never claimed that those distro CDROMs would be their major revenue source in the future--rather that services and other products would be the growth areas. Their stock valuation makes them even less reliant on income from their distribution, since they now can pursue partnerships and products that they could hardly have dreamed of pre-IPO.
Linux owns Linux trademark (Score:1)
LINUS owns Linux trademark (Score:1)