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BUSINESS
December 10, 1999 | ASHLEY DUNN, TIMES STAFF WRITER
VA Linux Systems, a maker of high-end computers that run the hot Linux computer operating system, saw its shares soar a record-breaking 698% on its first day of trading. The Sunnyvale, Calif.-based company, nearly 5 years old, stunned market watchers Thursday as its stock jumped from its initial offering price of $30 to open at $299, and then to close at $239.25 on Nasdaq. The company raised $132 million through the sale of 4.4 million shares.
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BUSINESS
November 21, 2001 | Bloomberg News
Software maker VA Linux Systems Inc. said its fiscal first-quarter loss narrowed as it exited the business of making computer hardware. The company's loss from continuing operations was $8.7 million, or 16 cents a share, compared with $7 million, or 15 cents, a year ago. Revenue fell 90% to $5.6 million. Excluding residual revenue from the exited Linux hardware and related businesses, revenue was $3.9 million. The Fremont, Calif.
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BUSINESS
September 16, 1999 | ASHLEY DUNN, TIMES STAFF WRITER
Scott Draeker launched a tiny company this year to translate popular computer games written for Microsoft Windows to the obscure Linux operating system, a format that was mostly in favor among a tiny group of digital geeks. Draeker said his Tustin-based company is hiring more Linux programmers and after several months of start-up jitters, he's breathing easier. "We've got two titles and we'll do eight by the end of the year," he said.
BUSINESS
December 10, 1999 | ASHLEY DUNN, TIMES STAFF WRITER
VA Linux Systems, a maker of high-end computers that run the hot Linux computer operating system, saw its shares soar a record-breaking 698% on its first day of trading. The Sunnyvale, Calif.-based company, nearly 5 years old, stunned market watchers Thursday as its stock jumped from its initial offering price of $30 to open at $299, and then to close at $239.25 on Nasdaq. The company raised $132 million through the sale of 4.4 million shares.
BUSINESS
November 21, 2001 | Bloomberg News
Software maker VA Linux Systems Inc. said its fiscal first-quarter loss narrowed as it exited the business of making computer hardware. The company's loss from continuing operations was $8.7 million, or 16 cents a share, compared with $7 million, or 15 cents, a year ago. Revenue fell 90% to $5.6 million. Excluding residual revenue from the exited Linux hardware and related businesses, revenue was $3.9 million. The Fremont, Calif.
BUSINESS
October 9, 1999 | Reuters
Sunnyvale, Calif.-based VA Linux Systems Inc., a provider of Linux-based systems and software, filed Friday to raise as much as $70 million in an initial public offering.
BUSINESS
August 11, 1999 | Reuters
IBM Corp. has joined a group of companies that are developing a version of the Linux operating system to run on Intel Corp.'s next-generation chip design, bolstering a major commercial effort to advance an emerging rival to Microsoft software. IBM is the latest to join the Trillian project, announced a few months ago. The move will team IBM with two of its rivals--Hewlett-Packard Co. and SGI--as well as VA Linux Systems Inc.
BUSINESS
June 28, 2001
* VA Linux Systems Inc. said it will quit making Linux-based computers at the end of the year to focus on its software business. The Fremont, Calif.-based company also said it will slash its work force by 35%, or about 152 jobs, and take a $10-million charge in its fourth quarter ending July 31 as a result. VA Linux shares fell 3 cents to close at $3.26 on Nasdaq.
BUSINESS
May 21, 2001 | Reuters
With the first-quarter earnings reporting period drawing to a close, investors already are looking ahead to the second quarter and beyond. But this week will bring a slew of quarterly earnings reports from high-tech companies that include software firms Agile Software, Computer Associates and VA Linux Systems on Tuesday, and ADC Telecomunications, the telecom equipment maker, on Thursday. Retailers reporting today include Lowe's, Limited, Intimate Brands and Toys R Us.
BUSINESS
February 25, 2000 | Reuters
VA Linux Systems Inc. said its loss deepened to $11.6 million, or 50 cents a share, in its fiscal second-quarter, although sales surged more than sixfold to $20.2 million from $3.2 million. VA Linux, which went public in December with a record-setting first day percentage stock price gain of almost 700%, has said expenses are rising as it hires more salespeople, bolsters the services organization and builds up its Internet site.
BUSINESS
September 16, 1999 | ASHLEY DUNN, TIMES STAFF WRITER
Scott Draeker launched a tiny company this year to translate popular computer games written for Microsoft Windows to the obscure Linux operating system, a format that was mostly in favor among a tiny group of digital geeks. Draeker said his Tustin-based company is hiring more Linux programmers and after several months of start-up jitters, he's breathing easier. "We've got two titles and we'll do eight by the end of the year," he said.
BUSINESS
May 24, 2000 | Bloomberg News
VA Linux Systems Inc. said its fiscal third-quarter loss widened to $4.5 million, or 13 cents a share, from $2.9 million, or 17 cents, a year ago. The company had six times more shares outstanding in the recent period. Analysts expected a loss of 23 cents, the average estimate from First Call/Thomson Financial. Revenue surged more than eightfold to $34.6 million from $4.3 million as the software company benefited from Internet start-ups using Linux to run their Web sites.
BUSINESS
February 4, 2000 | Bloomberg News
VA Linux Systems Inc., a maker of software and computers based on the free Linux operating system, agreed to buy Andover.Net Inc. for about $1.04 billion in stock and cash to get its network of Web sites for Linux programmers. Andover.Net runs Web sites that provide news, downloadable software and forums for those who use Linux and hope it will challenge the dominance of Microsoft Corp.'s Windows operating system. VA Linux will exchange 0.425 of a share of its stock for each Andover.Net share.
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