Re: [UUG/MLUG] VA Linux Hits New IPO Record Amid Linux Euphoria

[Mike Miller <EMAIL:PROTECTED>]

On Fri, 10 Dec 1999, Christopher J. Kaiser wrote:

> You might want to look at today's nytimes article 
> http://www.nytimes.com/library/tech/99/12/biztech/articles/10linux.html
> 
> It's a lot less glowing.

It sure is!  Thanks for passing that on.  I don't know why my search of
the N.Y. Times didn't turn up their own article.

I liked this paragraph:

    As the company's prospectus points out: "We do not expect to generate
    sufficient revenues to achieve profitability and, therefore, we expect
    to continue to incur net losses for at least the foreseeable future.
    If we do achieve profitability, we may not be able to sustain it."

It's amazing to me that such a statement would be a prelude to a massive
increase in stock value.

Mike