“Shares of VA Linux fell more than 9 percent Friday after
the company missed Wall Street’s target, but analysts remain upbeat
on the stock as sales jumped more than 500 percent.”
“Late Thursday, VA Linux Systems (LNUX: news, msgs) posted a
loss of $7.5 million, or 23 cents a share in the second quarter.
The analysts surveyed by First Call were expecting a loss of 21
cents. A year ago, the recently public company lost $1.8 million,
or 26 cents. The stock fell 11 3/4 to 113 on Friday.”
“However, second-quarter sales soared to $20.2 million from $3.2
million in last year’s quarter amid a growing customer base and
strong demand for its server products.”