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December 8, 2004

SpeculatingStocks.com Stock Pick: VA Software Corporation (LNUX)

Stock Price: $2.85


VA Software Corporation is the provider of SourceForge Enterprise Edition, the industry leading, web-based solution for streamlining and managing distributed open-source software development. VA Software owns OSDN, which holds Slashdot.org, SourceForge.net, and Linux.com as well as other popular sites.

The company recently reported Q1 revenues of $7.0 million, up from $5.8 million over the same period last year. They expect more accelerated growth from their online operations now that key management has been added.

LNUX has begun to trade major volume as it pulls away from its base at the $2.00 level. LNUX does not have much resistance and could quickly run up much higher. It showed great strength today, running up over 22% in a poor market.

 
     
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