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VA Linux Systems Sends "The Letter"

Posted by ryuzaki0 on from the going-public dept.

synaptic was the first of several to note that "The Letter" offering Linux developers in on the VA Linux Systems IPO. Its a hefty 600k PDF file containing a prospectus, and a form to return to show interest. No word on how many people are getting the letter, but the rumors are that there will be quite a few.

3 of 200 comments (clear)

  1. Only 'cause Wall St. is on Smack by Skyshadow · · Score: 5
    Ok, let's do the boogie on VA:

    From one point of view, they're the oldest Linux OEM out there. They have pretty good sales and a decently growning market. On the other hand, they only sell Linux boxes. Because of this, they're missing out on a majority of the desktop and server markets.

    Sane target price: $25.

    Now, let's be realistic. They have the word "Linux" tied to their business plan, and every daytrader out there knows that Linux == Gold. I mean, look at RHAT (closed at 143 3/4) and COBT (129 1/2). Money money money money! Get rich quick! Buy now! The market will never go down, ever! Quick! Pass the crack!

    Probably Target Price: $165

    It's a sick, sick world.

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    Every year during my review, I just pray the words "slashdot.org" aren't mentioned.
  2. Re:who's getting the letters? by netgod · · Score: 4
    quoting from the Letter, they culled:
    1. ...Contributor lists from major Linux or related open source projects. These projects included Debian, KDE, GNOME, GTK+, Python the GIMP and many others.
    2. ...VA has a number of Linux Community members in it's ranks, they were asked for their input.
    The lucky recipients have a chance at buying exactly 100 shares at the IPO price, without the hassle that E*Trade insisted on -- no background checks or investment savviness questionaires, just fill out the enclosed form. If you get in, send them a check later....

    The NASDAQ symbol is LNUX. :-)

  3. Too many whiners.... by DeathBunny · · Score: 5

    I'm seeing a lot of messages in this thread whining about who did and did not get "the letter". Most troubling are the messages from people who are complaining about how much they have done for the community, but still haven't got one of "the letters". Lets get realistic here folks. VA, RedHat etc all don't "owe" you one of "the letters". They don't owe you anything. These letters are a *gift* to the community.

    No one has a "right" to a gift. No one is "owed" a gift. If you get a gift, be grateful. If you don't, be grateful for all the things you do have.

    Neither RedHat, nor VA should ever have to explain *why* they chose the people they did to get the letter. They've done the best the could to identify they people they wanted, for whatever reason, to give thanks to. Obviously this effort cannot be perfect. Some people will be left out. Deal with it.

    And stop acting like a damn spoiled child!!!