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August 24, 2000

Former Oracle Corp. President Raymond Lane, one of the most sought-after U.S. business executives, said he is joining venture capital firm Kleiner Perkins Caufield & Byers. Lane, 53, will be a general partner at the Silicon Valley firm. Its investments include some of the most successful U.S. technology companies. The firm has invested more than $1.2 billion. Lane abruptly resigned from Oracle last month after eight years at the world's No. 2 software maker, the result of a fallout with Chief Executive Larry Ellison.

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VA Linux Systems Inc., a maker of Linux software and computers, said its fiscal fourth-quarter loss widened on acquisition costs as revenue rose more than sixfold. The loss grew to $47.5 million, or $1.15 a share, in the quarter ended July 28, from $9.19 million, or $1.17, a year earlier. Revenue rose to $50.7 million from $7.84 million. Excluding costs related to acquisitions, the loss would have been $4.08 million, or 10 cents, compared with $7.87 million, or 34 cents. On that basis, VA Linux was expected to lose 15 cents a share. It reported earnings after the close of trading.

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