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The SourceForge Story

Oct 19, 2007, 12:00 (1 Talkback[s])
(Other stories by James Maguire)

"It was the fall of 1999 and there was a fever in the air. The dotcom frenzy was in full bonanza, it was gonzo, and it was going to last forever.

"VA Linux was riding the wave. Founded in 1993, the company earned a modest profit selling computers with Linux pre-installed, replacing aging (and costly) Unix boxes. Big boy vendors like Dell and IBM hadn’t yet flexed their muscles in this market, so a small-fry like VA Linux could still make a few bucks.

"Consequently, hopes ran high for VA Linux’s initial public offering. When the company went public in December, its stock rocketed from $30 to almost $240 in one day--a delirious 700 percent return. Amid these dizzying champagne fortunes, the company had an idea. A wildly optimistic idea..."

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