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LA Times: A $53-Million IPO for VA Linux Could Cap the Season, but Can It Top Red Hat?

[ Thanks to Erik
Hovland
for this link. ]

“A projected $53-million initial public offering from VA Linux
Systems Inc., a Sunnyvale, Calif.-based servicer of Linux operating
systems, is expected to be one of the hottest IPOs of December,
perhaps of the year.”

“But it remains to be seen whether the VA Linux offering,
scheduled to be priced this week, will replicate the blockbuster
success of the IPO from competitor Red Hat Inc….”

VA Linux, which builds systems to commercial customer
specifications and provides support services, has plenty going for
it
: revenue that has more than tripled over the last three
quarters, customers such as IBM and EToys and early investors such
as the prestigious venture capital firm Sequoia Capital and chip
giant Intel Corp.”

Complete
Story

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