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VNU Net: VA Systems to move to Europe before going public

Aug 13, 1999, 17:30 (1 Talkback[s])
(Other stories by Cath Everett)

"VA Linux Systems hopes to be the next Linux player to go to the markets following the success of Red Hat's initial public offering (IPO) on Wednesday, but also plans to move into Europe before the end of the year.

"Larry Augustin, VA's president and chief executive, said: "We've got plans to go public, but it will depend on market conditions. The market has been all over the place lately and we've also got the Year 2000 issue to think about. But we're not in our quiet period yet, so it's at least three months away."

"He added: "I hope to move into Europe and Asia as soon as possible. We got a $25 milion round of financing in June, so it's not an issue of money."

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