Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: pater tenebrarum who wrote (78955)	12/9/1999 1:46:00 PM
From: cfimx	Read Replies (1) \| Respond to of 86076

yep. $12 billion market cap on day 1.

To: pater tenebrarum who wrote (78955)	12/9/1999 1:52:00 PM
From: MythMan	Read Replies (1) \| Respond to of 86076

Thursday December 9 1:33 PM ET VA Linux Skyrockets in Debut Trading SAN FRANCISCO (Reuters) - Shares of VA Linux Systems Inc. (NasdaqSC:LNUX - news), a maker of computer systems and servers that run the Linux operating system, skyrocketed over 800 percent in its debut trading, after its IPO was priced at $30 a share. VA Linux shares were up 244 to 274 a share in their debut on the NASDAQ in mid-afternoon trading, after a long delay in opening, with a surge of over more than percent. If VA Linux's shares close with a similar gain, it could take the lead from the globe.com (NasdaqNM:TGLO - news), as the biggest first-day gainer ever among initial public offerings. IPO analysts last week had predicted that VA Linux would do extremely well, amid a euphoria among investors for anything related to the Linux operating system, but few had predicted a walloping gain in the range of 800 percent. The company, based in Sunnyvale, Calif., raised $132 million through the sale of 4.4 million shares at $30 a share. Credit Suisse First Boston was the lead underwriter, with Deutsche Banc Alex. Brown, Hambrecht & Quist and Lehman Brothers as the co-managers of the offering. On Wednesday, another Linux-related IPO, Andover.Net (NasdaqNM:ANDN - news) soared in its IPO, which was a Dutch auction IPO on the W.R. Hambrecht OpenIPO system. It's shares jumped 252 percent, climbing to 63-3/8, after being priced at $18 a share. Linux, a free variation of the Unix operating system, was created by Finnish programmer Linus Torvalds and a group of far flung programmers around the world. It has taken the computing world by storm in the past year as an alternative to Microsoft Corp.'s (NasdaqNM:MSFT - news) Windows NT operating system for certain tasks.