We study co--rotational wave maps from (3+1)--Minkowski space to the
three--sphere S3. It is known that there exists a countable family {fn}
of self--similar solutions. We investigate their stability under linear
perturbations by operator theoretic methods. To this end we study the spectra
of the perturbation operators, prove well--posedness of the corresponding
linear Cauchy problem and deduce a growth estimate for solutions. Finally, we
study perturbations of the limiting solution which is obtained from fn by
letting n→∞.Comment: Some extensions added to match the published versio