CNET News.com: VA Linux files IPO plans Oct 10, 1999, 17 :50 UTC (6 Talkback[s]) (3377 reads) (Other stories by Stephen Shankland)
"VA Linux Systems, a prominent maker of Linux computers, has filed to raise about $70 million in an initial
public offering."
"VA Linux is to Linux hardware what Red Hat is to Linux software: the most prominent company in the market and
the recipient of investments from big-name companies such as Intel. However, Red Hat and VA Linux are edging
toward the same turf--sales of technical support and consulting services."
"Founded in 1995, the Sunnyvale, California, company had 153 employees as of July 31, VA Linux said in documents
filed yesterday with the Securities and Exchange Commission. VA Linux had revenues of $17.7 million and a net loss
of $14.5 million in the year ending July 31, the company reported in its filing. The prior year, the company had
revenues of $5.6 million and a profit of $1.1 million."
