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SiliconValley.com: Scott Herhold: How VA Linux, once a soaring IPO, crashed back to Earth

Apr 20, 2000, 12:04 (12 Talkback[s])
(Other stories by Scott Herhold)

"If you need a poster child for the volatility of the market this year, you might choose VA Linux Systems Inc. (LNUX), the Sunnyvale company that produces workstations and servers embedded with the open-source code first developed by Linus Torvalds."

"VA Linux Systems' great success might have been its greatest curse. Four months ago, it was labeled the most successful IPO in history, soaring 700 percent above its offering price of $30. Its first-day close was $239.25."

"The stock has slipped relentlessly since, finishing at $38 Wednesday after dipping below its IPO price Friday. A child prodigy has become an ordinary teenager. A Mozart suddenly is churning out Muzak."

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