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32BitsOnline: The Penguin is Turning Green

Dec 04, 1999, 16:18 (0 Talkback[s])
(Other stories by Ronny Ko)

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[ Thanks to Jeff Colin for this link. ]

"Next week will see the release of two new IPOs - VA Linux Systems and Slashdot's parent Andover.net. VA Linux is an Original Equipment Manufacturer (OEM) pre-installs ready-to-run Linux on its systems. Andover had largely been an unknown in the Linux market space until its acquisition of geek message forum Slashdot.org and download site freshmeat.net...."

"Shares in Andover is expected to be priced between $12 to $15. An interesting twist in Andover's IPO is that will based on the Dutch auction format. Unlike traditional formats, if there are no takers at a price, the share price drops until someone successfully bids for the stock lot...."

"Investors are more upbeat about VA Linux systems "I have a very good feeling about VA Linux Systems as they have a much more robust revenue generating model than Andover's," said Jeffrey Collop, an investor who has been monitoring the rise of Linux since the wildly successful Red Hat [Nasdaq: RHAT] IPO. "I think that we can be assured that VA can mirror the Red Hat success," he added."

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