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Silicon.com: The Agenda Setters: VA Linux chief calls for IPO rethink

May 18, 2000, 16:43 (0 Talkback[s])

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"The companies which triggered the Internet explosion will suffer a devastating impact unless IPO valuations become more realistic."

"That's the view of Larry Augustin, CEO of VA Linux, who has had direct experience of the roller-coaster ride of recent market valuations. In December 1999, VA Linux's share price rose 700 per cent on its IPO (initial public offering), only to fall to a tenth of that within months."

"As the subject of this week's Agenda Setters programme, Augustin said that while the wild stock fluctuations have not affected his business, the industry must adopt a more sensible policy."

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