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.

Technology Stocks : Andover.Net (ANDN) -- Ignore unavailable to you. Want to Upgrade?

To: rdmsqito who wrote (142)	2/2/2000 9:59:00 PM
From: Glenn Petersen	Respond to of 160

Excellent day for all Linux issues: Coalition says Linux ready for upcoming Intel chip NEW YORK, Feb 2 (Reuters) - Shares of Linux companies surged on Wednesday after a coalition of companies developing a version of the up-and-coming software system to run on Intel Corp.'s <INTC.O> next-generation microprocessor line said they were ready to release the software to developers at large. Linus Torvalds, the creator of the Linux operating system, also said a new version of the software will be released by midyear. The new software, Linux 2.4, is still in development and would be available in the summer, he said at the LinuxWorld Conference here. VA Linux <LNUX.O> stock posted the strongest gains, jumping 29 to 136-7/8, up more than 26 percent on the day, following the announcement at a Linux trade show taking place here this week. Shares of Red Hat Inc. <RHAT.O>, the best known distributor of Linux closed up 15-1/2 to 108, while Andover.net <ANDN.O> added 7-1/8 to 36. All three stocks trade on the Nasdaq stock market. At a joint press conference here, a virtual who's who of Linux distributors and key computer industry backers taking part in the so-called Trillian project said they had released the programming source code required to create Linux software ready to run on Intel's IA-64 chip due out later this year. "As Linux becomes mainstream we are seeing major commercial companies working together in the open source environment, " Ron Curry, Intel's director of marketing for the IA-64 chip. The Trillian Project was formed last spring to ready the Linux operating system to run on Intel-64 chips, which are scheduled to become available in the third quarter of this year. Participants include VA Linux, Red Hat's Cygnus unit, and three other Linux distributors -- Caldera, SuSE and TurboLinux. Other backers include CERN, the European physics research lab, and computer industry heavyweights Hewlett Packard Co. <HWP.N>, IBM <IBM.N> and SGI <SGI.N>. The effort marks the broadest undertaking by the computer industry to transform Linux into a software system capable of running key business operations. To date, Linux has largely found favor on computers used to manage Internet Web sites. The operating system source code is publicly available at kernel.org, in line with the common practice of the Linux software movement, which openly publishes all technical innovations in a bid to speed adoption of new features. Trillian Project backers are seeking to woo software developers in the broader industry to embrace Linux, which is seen as an alternative to the upcoming version of Microsoft Windows 2000, a version of which is also being fine-tuned to run on Intel's faster generation of IA-64 processors. Microsoft "is making excellent progress as well," said Curry, referring to the dominant operating system developer's efforts around the Intel Itanium processor. The project is a break with the anarchic tradition of Linux software development in the past, which has relied on a loose-knit fraternity of software programmers to develop features for the system. "In some regard, this is a new environment for the open source movement," Curry said. "It is also catching up to how other software companies develop their product." Instead, Trillian involves Linux developers in the actual development of the new Intel chip, allowing participants some sway in defining final products and thereby allowing new Linux versions to be ready at the same time IA-64 chips ship. "We are going to have the software out there as soon as the processors hit the street," Sridhar Chilukur, director of busies development for VA Linux. The software distributors said they will develop Linux products that will be used in manufacturing, research, and Internet markets. Torvalds said he was excited about the Trillian project, and that while he did not understand the current stock market, he understood investors' interest in Linux. "Investors see something new, something changing the infrastructure and how it works, and that's exciting," he said. 21:00 02-02-00

To: rdmsqito who wrote (142)	2/3/2000 6:58:00 AM
From: Glenn Petersen	Read Replies (1) \| Respond to of 160

LNUX to acquire ANDN: biz.yahoo.com Thursday February 3, 6:00 am Eastern Time Company Press Release VA Linux to Acquire Andover.Net in Most Significant Transaction in Linux History Combined Network Creates the Leading Internet Destination in the Linux and Open Source Community NEW YORK--(BUSINESS WIRE)--Feb. 3, 2000--VA Linux Systems (Nasdaq:LNUX - news), a leading Linux and Open Source solutions company, today announced the acquisition of Andover.Net (Nasdaq:ANDN - news), the leading Linux destination on the Internet, in a transaction that could revolutionize the Linux market space. VA Linux will own and operate the most popular Open Source developer network. This reinforces VA Linux's position as the only public company in the United States to offer exclusively Open Source systems, software, service and Web-based developer solutions. Under the terms of the merger agreement, which was approved by the Boards of Directors of each company, each share of Andover.Net Common Stock will be exchanged for 0.425 of a share of VA Linux Systems Common Stock, reduced by an aggregate of $60 million in cash payments to Common Stock holders of Andover.Net. The transaction is expected to be completed during VA Linux Systems' third fiscal quarter and will be accounted for as a purchase. Based upon analyst's estimates, the Company expects the transaction to be accretive to revenue and gross margin this year. Key benefits of the acquisition will be to: -- Accelerate the long-term model of VA Linux's web and service businesses, reinforcing VA's position as a leading Linux and Open Source solutions company; -- Consolidate the complementary networks of VA (including Linux.com, Sourceforge.net, and Themes.org) and Andover.Net (including Slashdot.org and Freshmeat.net) to create the Internet's leading destination for Open Source developers, with nearly two-thirds of the total traffic of major Open Source sites and putting the combined network in the top 100 web destinations worldwide; -- Coordinate the activities of the leading web sites for Open Source development projects; -- Increase the opportunity for sponsorships and business partnership revenues across the Company's network; -- Expand the range of VA Linux's products and services, such as the announcement last week of consulting to Hewlett Packard's PrinterDivision in their Open Source software plans; -- Combine the companies' teams, building next-generation services ande-commerce infrastructure for faster time-to-market; and -- Integrate teams that have worked cooperatively within the Linuxcommunity culture over several years, initially as volunteers in theOpen Source world, and recently in the building of the next generationof developer infrastructure. ``This acquisition moves VA Linux forward on the path to being the biggest name in Linux and Open Source,' said Dr. Larry M. Augustin, founder, president and CEO of VA Linux Systems. ``With our purchase of Andover.Net, we can offer the developer community better infrastructure for Open Source development, and expand the range and effectiveness of solutions available to our customers.' ``Andover.Net and VA are a perfect match,' said Bruce Twickler, CEO of Andover.Net. ``We both believe in the future of Open Source. We both believe that live software communities on the Net are more important than packages that ship once every three years and companies that simply intermediate between developers and users.' The transaction is subject to approval by the stockholders of Andover.Net and customary closing conditions. Officers, directors and certain affiliates of Andover.Net have executed voting agreements in support of the transaction. About VA Linux Systems VA Linux Systems is a leading Linux and Open Source company, offering a single point of contact for Linux systems, Open Source software, professional services and technical support. VA Linux owns and operates many popular Open Source web sites, including Linux.com, Themes.org and SourceForge, a leading Open Source development site. Headquartered in Sunnyvale, Calif., VA Linux is located on the Web at valinux.com About Andover.Net Andover.Net (Nasdaq:ANDN - news) is the leading Linux destination on the Internet. Serving 50 million page impressions to over 2.4 million users each month, Andover.Net (www.Andover.Net) includes the largest news/community site, Slashdot (slashdot.org); the largest site for programmer resources, Freshmeat.net (www.freshmeat.net); and the popular developer e-commerce site, ThinkGeek (thinkgeek.com). With these sites and our other Linux sites such as FreeCode (freecode.com) and LinuxDaveCentral www.linux.davecentral.com), Andover.Net accounts for over 50% of the visits to Linux destinations on the Internet. Andover.Net also includes cross-platform sites that provide programmer and developer resources for users of many popular operating systems in addition to Linux such as Windows, UNIX and Macintosh.