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VA Linux Files For IPO
Dredd13 writes "This time, it's really official. According to this story on Yahoo! News, VA Linux Systems is filing for its IPO. Wonder how they'll handle the IPO "Friends and Family" shares considering how the Red Hat fiasco went..."
I sure hope I am on this list of people. After all my name is in open Sources in the acknowledgements section, which is written by Chris Dibona, which is like VP at VA. They also sent me a nice care package, thank you chris, the nerf gun is elite. Now you can toss in some stock options, ;P.
Jeff Knox
"The underwriters have reserved for sale, at the initial public offering price up to [BLANK] shares of the common stock for employees, directors, other persons associated with us and a number of open source developers who have expressed an interest in purchasing common stock in this offering."
Wow. I wonder how I express such an interest?
I do understand the motivation to get funding via the IPO. But to my understanding that can lead to the control of the company being in the hands of the stockholders. I am not an investor or anything of that type so I may be completely off base. If so tell me.
The thing that this brings to the forefront of my mind is the fact that if you get involved in the stockmarket your aim as a company will shift. The shift being from the aim of turning out a quality product or service to that of raising the IPO's value and thus keeping the investors happy. But what does that do to me as a consumer? Will the company (in this case Redhat and VA) be willing to have its behavior be dictated by the stock? Will this in turn affect what the quality of the code and workman ship is?
I sincerely hope not seeing all those prime examples out there i.e. M$, Walmart and the like.
Ok those are my 2 cents, Moderate away =^)
Prior to the announcement I would also have guessed VA-something as a more intuitive symbole for VA Linux Systems. Now it's obvious they want the symbol to convey an association with Linux. They could also have been trying to avoid confusion with another company that has the ticker symbol VAL. But since the LNUX symbol wasn't already taken, they can do that.
I think a bigger hint that VA wants to improve on the RHAT IPO experience was comments by VA employees and managers at SVLUG meetings. They said they wanted to do better and asked for suggestions back in August. Undoubtedly, they will have learned from some problems and they'll encounter new ones in whatever different approach they take. So it should be interesting to watch.
yah well I have $4 and .57 cents!
There are no rules about similarity of stock tickers. It is interesting that, since traders generally come up with monickers for the companies they trade based on the tickers, LinuxOne didn't choose LNUX. Now they'll be known as Linx. As to whether or not VA should have asked for LNUX, the question really becomes whether they will be a more trustworthy steward of that symbol than another company, since someone would take it sooner or later. Notably, ESR seems to indicate in his writings that they take the community's concerns seriously. For what it's worth, their filing indicates that they believe that it makes good business sense to do so.
How about they start with those people who lost out on the Red Hat deal?
Or how about anyone who's been active on irc.debian.org #debian helping newbies?
About the IPO itself... this is fantastic. I really think this could be even more significant that Redhat. And it's a much more sound investment. VA has turned a profit; Redhat hasn't. VA is working with an industry-tested model (direct PC manufacture/delivery), whereas Redhat is in uncharted waters (selling free software). And VA has grown faster than Dell its first months.
I'm buying; I just hope I can pull together the pennies. Donations are welcome, of course
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Just lurking, thanks!
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Just lurking, thanks!
i'm thrilled that VA is finally having thier IPO. hey, i'm all about the money, and i plan to invest in VA, and let me tell you, it's *only* because they're gonna make money!
:) i just think that you techies should try and make some money off your work, that's all. hehe, okay, 'nuff said.
god, if everyone talks like this, it's no wonder that the mainstream media keeps mistaking open source guys for communists!
please, nobody take this too seriously--THIS IS NOT A FLAME, OKAY
-sh
Interested in learning Chinese or Japanese? check out Chinese/Japanese-English Dictiona
... and there's plenty more where that came from.
Of course, I was one of the privileged few who E*TRADE shafted, but even if they did accept my money, I would still have no problems finding some loose change under the mattress, for this stock.
I tend to put my money where my mouth is, and I've been mostly investing in Linux-related stocks. I have a long term buy-and-hold on Applix and Corel, and so far the stocks are doing very nicely, and I certainly intend to add LNUX to my portfolio at the first convenient opportunity. As far as RHAT goes, well, the little matter I have going with EGRP makes that a bit touchy to talk about, so I better not say anything without running it by my legal-eagle, first :-)
One thing I can say is that I'm absolutely delighted to see VA Linux's selection of underwriters. I'm sure the EGRP folks understand that this IPO could've been theirs too, so they must be wondering whether or not those shennanigans were worth it.
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Right on. Spoke with Donald at the oreilly conf, and he got screwed on the RHAT deal. VA is probably using his driver code in every system they sell, and he should damn well be rewarded.
100 REM PISS OFF CODE FASCISTS 200 GOTO 100
I hope that VA Linux will not neglect to include The Don in their directed share program. It's not widely known, but Donald Becker did get an invitation for RHAT's directed share program, but he ended up joining the ranks of the privileged few who E*TRADE screwed over completely. His story is included in the feedback portion of my web site. It would be a class gesture on VA Linux's part to make sure that something like this won't fall through the cracks again.
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Well, clearly, quite a few DID "get it in the end!" Sorry, I couldn't resist... :)
I don't see any friends-and-family program in there.
I'd love to get my hands on some VA shares; they've done far more in areas I'm concerned with than SuSE, RedHat or some other such company. But I suspect that I'm once again screwed because I don't live in the US. Oh well, such is life.
Isn't one of the great things that not only are great things happening and we can be part of them but that we can actually be comfortable financially in the process? Sometimes we seem to have bought into the old myth that says to make money is inherently evil.
I don't understand everyone whining about having been left out by E*Trade. They gave you a second chance to fill out the form, they called you when you had to reconfirm, there's no reason you should have been unable to get in in the end.
E*Trade certainly fucked up, they failed to communicate with their customers and tell them what was up. At every stage there was confusion and then simply silence leaving customers in the dark. But that shouldn't have stopped anyone from getting in in the end.
>30) not a quality Microsoft product
Now there is an oxyMORON. Oops gotta go reboot my Windoze box it just blue screened. BRB.
I would have broken open the piggy-bank and invested, if they hadn't used OpenIPO, its a really dumbassed system.
Yes, I agree, it is a bit suspicious. It's probably too late to go back and change it now though..
Actually, I don't think that's rich enough anyway. When I filled out the application, I had to check the lowest amount in "assets."
It was "under $50,000."
As for the AOL comment, it's silly. The whole point of the stock market is that you never can tell what the AOLs are.
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Wage Slave Journal
The idea of giving back to the community this way was great, it's really to bad it backfired like it did.
Let's hope that VA is also willing to try, and that it goes better for them.
God does not play dice - Einstein
Not only does God play dice, he sometimes throws them where they
yay baby ya!
We are all too excited about the $$
Come on; great stuff is happening in the Linux community and all you can talk about are the Friends & Family shares? Let's try to think a little bit beyond our wallets here.
I know this is kind of offtopic (prepare to be moderated down) but the same thing that happened to the geeks with the RedHat IPO debacle happened to me with the Andover.net IPO: I was rejected for not being rich enough, despite the fact that I was risking a relatively small amount of money.
Seems to me the whole OpenIPO thing is a farce. It sounds nice, but it's still only for the rich folks.
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Wage Slave Journal
If you want to post something, You can easily get it to the linux.com staff, and they have been very helpful in accepting virtually anything as far as articles go. So get out there, post something to l.c, and let your voice be heard. :) Some dude.
Hmm...wonder if they will get the LNUX symbol. It seems as if they want people to think that they are GNU/Linux.
I've been using their systems for a while now. My VPN architecture runs on VALinux boxes.
I'd asked my sales guy a few months ago when they were gonna IPO, but of course he couldn't comment.
The real question is, who made RHAT skyrocket: geeks, or businessmen? If geeks, then that might explain the currently static state of RHAT. They don't have sufficient funds to continue buying, and they may also have a more-than-common dose of common sense about daytrading since it isn't their typical investment pattern. But by the same token, if it was the geeks, then VA probably can't expect anything nearly as spectacular as RHAT - the geek money is already spent! The only way VA could win big under this scenario (they'll win regardless because they're a respected company, but they may not win 'big') is at the expense of sold RHAT stock, and thus a drop in the RHAT value. If businessmen (aka "Wallys" and "PHB's") then damn! Buy me summa dat stock! The clueless enthusiasm of daytraders can't have all been spent on RHAT if it is indeed they who sent the price up. With IPOs fairly poor recently, look for VA to be a big financial win under this scenario. However, I personally vote for C - a mixture of the two but heavily biased towards geeks. If that is correct, then VA will do moderately well, but will only be worth investment in the long term, if at all.
-konstant
-konstant
Yes! We are all individuals! I'm not!
the following is a list I compiled throughout my 2 week journey using Linux:
1) not multi-tasking!
2) not user friendly (wtf is up with RedHat?)-> 3) User friendly my fuckin' ass!!!!
4) security? HAHA! I LAUGH AT YOUR "SECURITY"
5) no tcp/ip support AT ALL!
6) no C++ library!
7) no ability to run EXE's!!!!!
8) no console screen savers with password protection!!!
9) no USB support!
10) no support for good video cards
11) no ethernet card support AT ALL!
12) no winmodem support!!!!!!!
13) no ActiveX or DirectX support
14) no cdrom support
15) scsi support? ha! what a sham!
16) very little IDE support...
17) no support for commodore64 executables
18) mIRC does not run under X! I tried and it just core dumps! what the hell!?
19) Internet Explorer is useless under X
20) no programs compile! no such file libc6.so!?
21) no compilers
22) kernel is too hard to compile
23) when I use lilo it corrupts my MBR
24) Linus Torvalds is a nazi
25) made by children in sweatshops around the globe
26) Jeffrey Dahmer was a strong supporter of it!
27) and John Wayne Gacy
28) oh yeah, John George Haigh
29) oops, Pedro Alfonso Lopez
30) not a quality Microsoft product
for these reasons, and these reasons only, I would prefer to use OpenBSD 2.0 (unpatched, because we all know it's secure).
F
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A
R
hah.
hmm.. I don't think I really like a company taking names like "LNUX," it implies to much of a connection. VALX or something would be better... Sure, when people think of linux they don't think of VA Linux, but VA is trying awful hard to position themselves so they do. I didn't like them buying Linux.com, mostly because when they first released the site, it had contained FUD, and at times still does. Linux.(xxx) should be independant, not corperate's portal for manipulating new users to buy into whatever they want to sell them.
Using the symbol LNUX seems to try to get stock traders, especially day traders, to view Linux and VA as the same... ignorance. Maybe I'm off, but I just have an uneasy feeling towards VA.
"Open Source?" - Press any key to continue
This will keep out the people who think that Windows Certification has value.
Injured software engineer wins against Mattel!
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There's a small blurb about it way in the back in the section entitled Underwriting
How long have they been doing the little-"i" thing in the company logo? If it wasn't for the cute little VA thingie in the top corner of their home page I'd expect them to get rid of the (nearly-)meaningless "VA" and just go for "LiNUX Systems" before somebody else beats them to it.
New internet equation: DNS name = company name = NASDAQ symbol = hypehypehype$$$
hahaha, this i just becuse...
My roomate thinks Dot Planet is the next AOL, due to their rocketing network marketing stratagy.
I pointed out to him that Altavista's *free* ISP started later than them, and already has more members than them. I liked pointing it out to him.
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How rich is rich, dude? For christ sakes, I have over 30k invested in stocks and I'm only 23. By the time I'm 30 I'll be sitting on a gold mine... You geeks need to START SAVING YOUR MONEY before you get out of your 20's - otherwise you're gonna be fucked. If you put 10k into AOL 4 years ago, you'd have like almost 300k. Think about that.