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UPDATED: CNET News.com: VA Linux storms Wall Street with 698 percent gain

Dec 10, 1999, 01:45 (0 Talkback[s])

"Shares in VA Linux Systems soared eightfold today, setting a new record for the largest first-day gain of any initial public offering."

" 'VA is the mother of all price pops,' Peterson said, in reference to the first trade. The company may unseat TheGlobe.com, which currently holds the record for the largest first-day gain with a 606 percent increase.

Soon after the initial trade, the shares climbed to 320. When the dust settled, VA Linux shares had slid back to close at 239.25--a stunning 697.50 percent gain that sets a new record in a year that has been dominated by high-flying IPOs."

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