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Yahoo!/Reuters: VA Linux 1st quarter net loss widens

Nov 20, 2001, 22:43 (3 Talkback[s])

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"VA Linux Systems Inc. on Tuesday said its fiscal first-quarter net loss grew but results were better than the company expected as the once high-flying hardware, software and services company transforms itself as a collaboration software vendor.

The company also said it expected fiscal second quarter revenues to fall further.

For the quarter ended Oct. 27, the software and services company, which previously focused on the nonproprietary Linux operating system, reported a net less of $55 million, or $1.04 per share, compared with a loss of $51 million, or $1.12 a share the previous year."

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