“Today, employees at VA Linux and the venture capitalists who
financed it get their first chance to sell shares in the company
since it pulled off a record- breaking IPO six months ago.”
“But there probably won’t be much celebrating.”
“That’s because the stock has gone almost straight downhill
since it soared 733 percent on its opening day.“
“And it could go down some more, now that there are more than
four times as many shares that potentially can be traded. When the
Sunnyvale company issues stock to acquire competitor Andover.net
later this week, there will be even more VA Linux shares on the
market.”