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Dot-com malaise reaches Linux seller, VC firm

VA Linux warns that sales will fall short of expectations because of reduced spending by troubled dot-coms, and venture capital firm Divine InterVentures reduces its staff as its stock languishes.

 

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VA Linux warns that sales will fall short of expectations because of reduced spending by troubled dot-coms, while venture capital firm Divine InterVentures reduces its staff as its stock languishes.

 
Venture capital firm cuts staff
The dot-com die-off reaches venture capital firm Divine InterVentures as it lays off 42 percent of its employees.

Furniture.com lays off most of staff
update The struggling home furnishings site lays off 76 of its 88 employees, citing difficulty securing sufficient capital to fund operations.

VA Linux warns of bigger-than-expected loss
update The company says its fiscal first-quarter results will not meet analyst forecasts because of slower-than-expected sales growth from new customers in the dot-com sector.

previous coverage
Priceline shares tumble on job cuts, CFO departure
update The stock of the name-your-own-price e-tailer slides about 34 percent, a day after the company said it would lay off 87 workers and said its chief financial officer is leaving.