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