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CBS MarketWatch: Analysts remain upbeat on VA Linux

Feb 26, 2000, 03:57 (0 Talkback[s])
(Other stories by Myra Picache Saefong)

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"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."

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