“VA Linux Systems began trading Thursday on Nasdaq at more than
ten times its IPO price, making it the highest first-day bump in
history. Moreover, the company represents a PC hardware stock, a
category that’s been the whipping boy of technology issues.”
“VA’s machines are designed to take advantage of the wildly
popular Linux operating system. With its focus on workstations and
Web servers, VA has turned the hardware world on its head. For
example, after its first day of trading, VA has a stock market
value of almost $10 billion, or five times that of slumping
SGI…which ironically has a technology-sharing relationship with
VA….“