“VA Linux Systems, a prominent maker of Linux computers, has
filed to raise about $70 million in an initial public
offering.”
“VA Linux is to Linux hardware what Red Hat is to Linux
software: the most prominent company in the market and the
recipient of investments from big-name companies such as
Intel. However, Red Hat and VA Linux are edging toward the
same turf–sales of technical support and consulting services.”
“Founded in 1995, the Sunnyvale, California, company had 153
employees as of July 31, VA Linux said in documents filed yesterday
with the Securities and Exchange Commission. VA Linux had revenues
of $17.7 million and a net loss of $14.5 million in the year ending
July 31, the company reported in its filing. The prior year, the
company had revenues of $5.6 million and a profit of $1.1
million.”