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VA Software narrows loss

VA Software, the former Linux server seller now focusing on collaborative programming software, reported a net loss of $9.7 million and revenue of $5.1 million for its second fiscal quarter of 2002, which ended Jan. 26. On a pro forma basis, the loss was $6.9 million, better than the $8 million to $8.5 million pro forma loss VA predicted three months ago, the Fremont, Calif., company said Thursday. The pro forma loss of 13 cents per share wasn't as deep as the 16 cent loss the single analyst surveyed by First Call expected. Earlier this week, Ram Gupta, executive vice president of products and technology at PeopleSoft, joined VA's board. And last week, VA named Kathy McElwee chief financial officer.

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Stephen Shankland
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Stephen Shankland principal writer
Stephen Shankland has been a reporter at CNET since 1998 and writes about processors, digital photography, AI, quantum computing, computer science, materials science, supercomputers, drones, browsers, 3D printing, USB, and new computing technology in general. He has a soft spot in his heart for standards groups and I/O interfaces. His first big scoop was about radioactive cat poop.
Expertise processors, semiconductors, web browsers, quantum computing, supercomputers, AI, 3D printing, drones, computer science, physics, programming, materials science, USB, UWB, Android, digital photography, science Credentials I've been covering the technology industry for 24 years and was a science writer for five years before that. I've got deep expertise in microprocessors, digital photography, computer hardware and software, internet standards, web technology, and other dee
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VA Software, the former Linux server seller now focusing on collaborative programming software, reported a net loss of $9.7 million and revenue of $5.1 million for its second fiscal quarter of 2002, which ended Jan. 26. On a pro forma basis, the loss was $6.9 million, better than the $8 million to $8.5 million pro forma loss VA predicted three months ago, the Fremont, Calif., company said Thursday.

The pro forma loss of 13 cents per share wasn't as deep as the 16 cent loss the single analyst surveyed by First Call expected. Earlier this week, Ram Gupta, executive vice president of products and technology at PeopleSoft, joined VA's board. And last week, VA named Kathy McElwee chief financial officer.