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Forbes.com: VA Linux chief still sees profitability by Oct. 2002

Apr 03, 2001, 23:45 (6 Talkback[s])
(Other stories by Reuters)

"VA Linux Systems Inc., 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."

"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."

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