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CNET News.com: Linuxcare looks to future with new financing

Aug 02, 2000, 20:15 (1 Talkback[s])
(Other stories by Stephen Shankland)

"Struggling Linuxcare has received $30 million from Lehman Brothers and several other investors, enough to carry the company to planned profitability in the fourth quarter of 2001, the company said."

"As previously reported, the funding is a necessary endorsement to help the company pull back from its troubles and regain its status as one of the original start-ups to try to make money off the Linux operating system."

"New investors include Itochu International, Charter Ventures' Charter Growth Capital and an affiliate of Sands Brothers."

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