BW: VA Linux Systems Reports Record Revenues and Results Beat Consensus Analyst Estimates

“VA Linux Systems, Inc. today reported record revenues of $34.6
million for its fiscal third quarter, ended April 28, 2000.”

Revenues increased 710% from the same quarter in fiscal
1999 and 71% from the prior fiscal quarter.
VA also reported
that the third quarter loss, excluding non-cash items, of ($0.13)
per share beat First Call consensus analyst estimates of ($0.23)
per share and improved significantly from ($0.20) per share in the
prior fiscal quarter and ($0.17) per share in the third quarter of
fiscal 1999. (Loss per share amounts for historical quarters were
calculated using pro-forma shares.)”

“VA’s shipments of server products during the fiscal third
quarter grew more than nine times the market growth rate as
reported by IDC. IDC’s most recent data shows shipments of Linux
servers grew 166% in the fourth quarter of 1999 from the fourth
quarter of 1998. Further, in the first 3 quarters of fiscal 2000,
VA Linux Systems grew revenues sequentially 90%, 36%, and 71%

Press Release

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