“Stock plunges after hours as quarter’s loss exceeds
expectations…”
“VA Linux Systems, a bellwether company for the rapidly growing
Linux-operating system, reported a fiscal second-quarter net loss
that was larger than analysts’ expectations, while its revenue grew
at a faster-than-expected rate. For the quarter ended Jan. 28, the
provider of computer servers and workstations designed for the
Linux operating system posted a loss of $11.56 million, or 50 cents
per share, compared with a year-ago net loss of $1.81 million, or
44 cents per share.”
“VA Linux’s stock plunged 9-3/4 to 115 in after-hours trading
following the larger-than-expected loss.”
“Stock in the Sunnyvale, Calif.-based company jumped a record
733 percent in its first day of trading last December. However,
since then it has dropped like a rock…”