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Va Linux Systems Inc

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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.
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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
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
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
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
December 6, 1999 | DEBORA VRANA, TIMES STAFF WRITER
A projected $53-million initial public offering from VA Linux Systems Inc., a Sunnyvale, Calif.-based servicer of Linux operating systems, is expected to be one of the hottest IPOs of December, perhaps of the year. But it remains to be seen whether the VA Linux offering, scheduled to be priced this week, will replicate the blockbuster success of the IPO from competitor Red Hat Inc. Durham, N.C.-based Red Hat went public at $14 on Aug. 11 and closed Friday at $201 on Nasdaq, a 1,336% gain.
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
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
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.
BUSINESS
November 17, 2000 | Bloomberg News and Reuters
Other earnings, excluding one-time gains or charges unless noted, include: * American Eagle Outfitters Inc.'s third-quarter profit grew 20% to $29.2 million, or 61 cents a share, well beyond the 54 cents analysts anticipated. The retailer's sales rose 27% to $282.8 million, led by strong demand for its branded denim, sweaters, knits and accessories. * Barnes & Noble Inc. reported a third-quarter net loss of 4 cents a share, excluding charges from its investment in Barnesandnoble.
BUSINESS
February 21, 2001 | From Times Wire Services
VA Linux Systems Inc. on Tuesday posted a quarterly loss that exceeded Wall Street's reduced forecasts and said it will slash 25% of its work force in a bid to turn a profit amid the U.S. economic slowdown. The loss and layoffs spooked investors, who sent shares of VA Linux plunging about 18% to $5.88 in after-hours trading. The stock closed at $7.25 a share, down 6.5%, in Tuesday trading on Nasdaq. VA Linux shares have tumbled from a 52-week high of $130.50.
BUSINESS
November 17, 2000 | Bloomberg News and Reuters
Other earnings, excluding one-time gains or charges unless noted, include: * American Eagle Outfitters Inc.'s third-quarter profit grew 20% to $29.2 million, or 61 cents a share, well beyond the 54 cents analysts anticipated. The retailer's sales rose 27% to $282.8 million, led by strong demand for its branded denim, sweaters, knits and accessories. * Barnes & Noble Inc. reported a third-quarter net loss of 4 cents a share, excluding charges from its investment in Barnesandnoble.
BUSINESS
November 7, 2000 | Reuters
VA Linux Systems Inc., a developer of software and products for the Linux computer operating system, said its fiscal first-quarter results would fall short of expectations because of disappointing sales to Internet start-up companies. The gloomy forecast sent VA Linux shares tumbling 42%. Fremont, Calif.
BUSINESS
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.
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
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
December 8, 1999 | Bloomberg News
Linux fever shows no sign of subsiding. The expected price range for this week's IPO of Sunnyvale, Calif.-based VA Linux Systems Inc. (LNUX) was increased to $21 to $23 a share, from the original $11 to $13, by lead underwriter Credit Suisse First Boston. VA Linux plans to sell 4.4 million shares. And shares of Durham, N.C.-based Red Hat Inc. (RHAT), which sells a commercial version of Linux, surged 22% on Tuesday after it expanded a distribution agreement with Dell Computer Corp.
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