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Upside Today: VA Linux still suffering from post-earnings woes

Jan 24, 2001, 16:39 (0 Talkback[s])
(Other stories by Sam Williams)

"In addition to causing another 20 percent drop in company market value -- company share prices have hovered in the $7.25 range since the announcement -- the earnings warning news also had a significant secondary effect within an analyst community that has stuck by the company throughout its rocky market performance."

"Monday, W.R. Hambrecht analyst Prakesh Patel finally decided to downgrade the company to a 'market neutral' rating from 'buy' after months of enthusiastic support."

"'With the company missing its projected revenue totals two quarters in a row, they really have a credibility issue,' said Patel. 'You really have trouble taking their word for what they're going to hit next time.'"

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