VA Linux Systems Inc-(Nasdaq:LNUX) Message Board

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Technology Stocks : VA Linux Systems Inc-(Nasdaq:LNUX)

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To: ColtonGang who wrote (235)	8/24/2000 4:12:17 PM
From: ColtonGang	Read Replies (1) of 282

NEW YORK (CNNfn) - Several Wall Street brokerage houses praised VA Linux Systems Thursday, a day after the computer hardware company posted a quarterly loss that beat analysts' forecasts. Credit Suisse First Boston maintained its "buy" rating on the stock and 12-month price target of $65. It also reduced its fiscal 2001 loss per share estimate to 26 cents from 44 cents and raised its 2001 revenue forecast to $323 million from $271 million. W.R. Hambrecht upgraded VA Linux stock to "strong buy" with a $60 price target. Lehman Brothers maintained its "outperform" rating and cut its fiscal 2001 loss per share estimate to 25 cents from 35 cents. ABN AMRO raised its price target to $50 and kept its "outperform" rating, and ING Barings reiterated a "strong buy" rating. VA Linux Systems (LNUX: Research, Estimates), a leading provider of computer servers and workstations designed for the Linux operating system, late Wednesday reported a fiscal fourth-quarter net loss of 10 cents per share, compared with analysts' estimates of 15 cents.

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