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CNET News.com: VA Linux loss smaller than expected

May 23, 2000, 22:58 (0 Talkback[s])
(Other stories by Stephen Shankland)

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"Computer maker VA Linux Systems today reported quarterly revenues of $34.6 million and a net loss 10 cents better than expected."

"Analysts surveyed by First Call/Thompson Financial expected a loss of 23 cents per share for the fiscal third quarter, which ended April 28. Excluding noncash items, VA reported a net loss of 13 cents per share, the company said. Excluding noncash charges, net losses declined from $6.3 million the previous quarter to $4.5 million in the third quarter, the company said."

"Revenue this quarter grew 71 percent from the previous quarter's $20.2 million and 710 percent from the same quarter a year ago. It was a "stellar quarter," VA chief executive Larry Augustin said in a statement."

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