November 21, 2001 |
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.
October 9, 1999 |
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.
August 11, 1999 |
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.
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.
May 21, 2001 |
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.
February 25, 2000 |
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.