VA Linux Systems
was down 33.8% in preopen
trading after it warned that its first-quarter loss would be 14 to 16 cents per share excluding items, worse than the Street's estimate of a 9-cent loss.
The Linux software maker said it anticipates lower revenue due to slower-than-expected sales growth from dot-com customers. But the company said it still expects to reach profitability before items by the end of calendar 2001.