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Technology Stocks : VA Linux Systems Inc-(Nasdaq:LNUX) -- Ignore unavailable to you. Want to Upgrade?

To: smallcapmaven who wrote (259)	2/22/2001 11:17:27 AM
From: Skeeter Bug	Respond to of 282

smallcap, i think va's definition of "profit" excludes $25 million worth of "noncash compensation" that they shell out every q. if the formula looks like this:... $25,000,000 / $5 = 5,000,000 share dilution per q... OUCH!

To: smallcapmaven who wrote (259)	4/5/2001 2:53:09 PM
From: Skeeter Bug	Respond to of 282

>>CHICAGO, April 3 (Reuters) - VA Linux Systems Inc. (NASDAQ:LNUX), which makes software and products for the Linux operating system, still expects to turn profitable in the quarter ended October 2002, a company executive said on Tuesday. (ed note: still expects? hello, world! lnux said they would be profitable toward the end of 2000. now they still expect to be profitable in 2002? do they think folks are so dumb as not to know "still" is just another attempt to manipulate the market and HIDE the fact lnux was WRONG, WRONG, WRONG and provided FALSE, FALSE, FALSE guidance?) Despite an increasingly weak economic environment, chief executive Larry Augustin told Reuters in an interview that he believed VA Linux will still reach profitability within that time frame by targeting enterprise customers and growing its business. Like many other companies in the technology sector, VA Linux has been hit by an economic slowdown, forcing the company to report in February a wider loss than expected in its fiscal second quarter. At the time, VA Linux said it would also slash 25 percent of its work force and postpone its profitability target date to the October quarter of 2002, nine months later than originally planned. Shares of VA Linux have taken a precipitous drop from their year high of $103 to today's close at 2-3/32 on Nasdaq. Earlier in trading on Tuesday, VA Linux stock reached a new low of 2-1/32. "I'm beginning to think that it's going to be 2002 before we see the economy picking up in general," Augustin told Reuters at Comdex Chicago, an annual technology conference. He added that he expects VA Linux's business to begin picking up at the end of this year and into 2002. Augustin explained that VA Linux suffered from the collapse of the Internet companies because many of them are customers, but the company was now targeting large enterprise customers. He said VA Linux hopes its end-to end product line of hardware, software and services will give it an edge against traditional computer makers like IBM, Compaq and Dell that are also offering Linux products. Augustin cited a Deutsche Bank Alex. Brown study that projected 30 percent of all servers sold by 2004 would be based on Linux. The same study also predicted that information technology departments will be spending $75 billion on open source systems including Linux by 2004 compared with about $7 billion now. Open source operating systems are programs where the source code is known and available to all and can be easily customized. In contrast, Microsoft's Windows operating system is proprietary.<< good luck. anybody that believe larry in the past is scorched earth. the $2.00 price says there are many true believers left.