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.
May 24, 2000 |
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.
August 15, 2000 |
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.
January 22, 2000 |
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.
April 21, 2004 |
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.
February 3, 2000 |
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.
February 8, 2000 |
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.