VA Software's Reported GAAP Net Loss Improves Due to an Adjustment in Non-Cash Stock Option Expenses for the First Quarter of Fiscal Year 2007

Market Wire, December, 2006

VA Software Corporation (NASDAQ: LNUX), the online media, software, and e-commence leader in community-driven Open Source innovation, today filed a current report on Form 8-K in order to furnish corrections to the Condensed Consolidated Statements of Operations and Balance Sheet included in its press release dated November 28, 2006 announcing VA Software's financial results for its first fiscal quarter of 2007, ended October 31, 2006. Specifically, the Company corrected the calculations relating to FAS 123R stock option expenses for the first quarter.

The Condensed Consolidated Statements of Operations and Balance Sheet included in VA Software's press release dated November 28, 2006 reported FAS 123R stock option expenses of $598,000, net loss of $336,000 and loss per share of $0.01. The corrected amount of $402,000 for FAS 123R stock option expenses decreased the cost of sales from $5,029,000 to $5,017,000 and decreased operating expenses from $6,310,000 to $6,126,000. As a result, the $336,000 net loss and loss per share of $0.01 reported on November 28, 2006 improved to a net loss of $140,000 and breakeven, respectively. VA Software's cash position and pro forma results were not impacted. VA Software expects to file its Form 10-Q for its first fiscal quarter of 2007 on or before December 11, 2006.

About VA Software Corporation

VA Software Corporation is the online media, software and e-commerce leader in community-driven Open Source innovation. VA Software is the parent company of OSTG, Inc. (Open Source Technology Group) and the creator of SourceForge. For company information, visit www.vasoftware.com .

OSTG, Inc. (Open Source Technology Group) is the cornerstone of the Open Source movement and the leading online network for IT managers and development professionals. OSTG's technology-focused internet sites include Slashdot.org, SourceForge.net, ITManagersJournal.com, NewsForge.com, Linux.com and freshmeat.net. OSTG also owns ThinkGeek, Inc., the leading retailer for innovative technology products. The OSTG network serves over 32 million unique visitors a month*. For more information or to view the media kit online, visit www.ostg.com . (* Source: Google Analytics and Omniture, October 2006.)

SourceForge Enterprise Edition is the world's leading collaborative development application and is used by many Global 1000 companies for optimizing and managing distributed development within the IT and software development organizations. For more information, visit www.vasoftware.com/sourceforge/index.php .

Slashdot, freshmeat, ThinkGeek, and SourceForge.net are registered trademarks or trademarks of OSTG, Inc., in the United States and other countries. VA Software, SourceForge, and OSTG are trademarks or registered trademarks of VA Software Corporation in the United States and other countries. All other trademarks or product names are property of their respective owners.

NOTE REGARDING FORWARD-LOOKING STATEMENTS: This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations, and involve risks and uncertainties. Forward-looking statements include statements regarding the timing of VA Software's filing of its Form 10-Q for its first fiscal quarter of 2007. Actual results may differ materially from those expressed or implied in such forward-looking statements due to various factors, including the risk factors sections of its Annual Report on Form 10-K for the fiscal year ended July 31, 2006, for further information regarding these and other risks of VA Software's business. All forward-looking statements included in this press release are based upon information available to VA Software as of the date hereof, and VA Software does not assume any obligations to update such statements or the reasons why actual results could differ materially from those projected in such statements.