VA LiNUX Systems Inc., a provider of Linux-based systems and
software, filed on Friday to raise as much as $70 million in an
initial public offering…”
“VA LiNUX said it plans to use the proceeds from the IPO for
working capital and general corporate purposes, including
expanding sales and marketing activities and capital spending,
among other uses.
“The company posted $17.7 million in revenue during the fiscal
year ending July 31 and registered $14.5 million in net
losses…’
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BW: VA Linux
Systems, Inc. Files for Initial Public Offering (Oct 09,
1999)