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Va Linux Systems

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.
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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.
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 15, 2000 | From Bloomberg News
IBM Corp. said Monday that it will begin selling computers bundled with software from Red Hat Inc., and joined with Sun Microsystems and other computer makers to back a foundation for creating programs for the Linux operating system. IBM said it will offer packages that include Red Hat software based on the open Linux operating system with IBM's database, e-mail and group collaboration software.
BUSINESS
January 22, 2000 | CHARLES PILLER, TIMES STAFF WRITER
Linuxcare Inc., expected to be the next monster company based on the Linux operating system, filed for its initial public stock offering Thursday, with hopes of raising $92 million on the heels of the $32.5 million it raised in its second round of private financing last month. The move came despite skittishness among investors toward companies based on the "open source" software program, which is available free and supported by thousands of volunteer programmers.
BUSINESS
April 21, 2004 | From Associated Press
A lawyer defending former investment banker Frank Quattrone at his retrial complained Tuesday that the judge's body language conveyed to jurors that he was hostile to the defense. U.S. District Judge Richard Owen said he was puzzled by the complaint. He also rejected a defense claim that he had unfairly interrupted questioning of witnesses, saying he was just trying to move the trial along. The sparring between Owen and defense lawyer John W.
BUSINESS
February 3, 2000 | From Bloomberg News
Linux-related stocks jumped Wednesday after Linus Torvalds, creator of the much-hyped computer operating software that competes with Microsoft Corp.'s Windows, said a new version will be released at midyear. The new software, known as version 2.4, must be completed and checked for problems, Torvalds said at the LinuxWorld Conference & Expo in New York. An unofficial version will be released for testing in a couple of months, he said.
BUSINESS
February 8, 2000 | JAMES MOSHER, BLOOMBERG NEWS
Corel Corp. agreed to buy Inprise Corp. for $1.07 billion in stock in what would be the largest Linux acquisition ever. Corel, which makes software for the Linux operating system as well as for Windows and Apple systems, will exchange 0.747 share for each Inprise share, valued at $14.94, 13% more than Inprise's closing price of $13.25 on Monday. Corel said it will issue 53.7 million shares to acquire Scotts Valley, Calif.-based Inprise's 71.7 million shares.
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