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CNET News.com: Companies enjoy upbeat line on Linux

Aug 24, 2000, 22:06 (1 Talkback[s])
(Other stories by Cecily Barnes)

"The stock prices of three pure-play Linux companies have received big boosts in August, after solid earnings news and bullish reports on the open-source industry."

"Shares of VA Linux, the largest Linux company by revenue and market capitalization, are up 39 percent since the end of July. Although shares of VA Linux are well below their 52-week high of $320, the stock has jumped nearly 19 percent today. It was at $44 in midafternoon trading, $6.88 more than yesterday's closing price."

"The Sunnyvale, Calif.-based company surpassed analyst expectations yesterday by reporting revenue of $50.7 million and a loss of 10 cents a share, a nickel better than analysts predicted."

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