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CNET News.com: SuSE rolls ahead despite Linux shakeout

Jul 24, 2000, 22:06 (0 Talkback[s])
(Other stories by Stephen Shankland)

"Wall Street may be cautious on Linux these days, but that's not discouraging Dirk Hohndel, chief technology officer of German software and services firm SuSE."

"Yes, we are planning a public offering," Hohndel said in an interview with CNET News.com. Though he declined to offer further details, such as when the IPO might take place, SuSE spokesman Carter Kohlmeyer said in an earlier interview that an offering likely would be structured to take advantage of stock markets in both the United States and Europe."

"The move is bold, given the troubles experienced by support firm Linuxcare, layoffs at TurboLinux and the overall cooling trend affecting Linux firms."

"Although SuSE wasn't profitable last year, it was in 1998 and garnered a substantial $21.4 million in revenue for 1999."

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