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BusinessWeek: LinuxOne May Be One Linux Company to Avoid

Jan 10, 2000, 15:39 (5 Talkback[s])
(Other stories by Sam Jaffe)

"Looking to raise $24 million in a Linux-crazed IPO market, this company has little besides its name to offer."

"How much is a company with the word "Linux" in its name worth? According to Wun Chiou, the answer is about $24 million. That's how much his company, LinuxOne, with the proposed ticker symbol LINX, is expecting to reap from its coming initial public offering. The neat part is, this company is very little besides its name, ticker symbol, and a handful of press releases...."

"Then there's the company's revenue: Zero. That's right, zero revenue and, of course, zero profits. The company claims that it distributes Linux. Yet when you go to its Web site, which is adorned with a cute logo and asks which version of Linux you want, all the links to FTP sites where you can download the software are dead. No products and no revenue but a fancy-looking Web site."

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