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IT Management Linux News for May 22, 2001

  • Yahoo!/Reuters: VA Linux posts Q3 loss, revs down 41 pct. (May 22, 2001, 22:37)
    Today VA Linux announced that it beat analysts' (and its own) expectations by a penny on the share on losses of $19 million, which gave its stock prices a lift on heavier-than-normal volume. One analyst, however, said the company's goal to reach profitiability by 2002 could remain elusive. The losses represent a four-fold increase over last year.