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ZD Net UK: Linuxcare CEO leaves, IPO delayed

Apr 10, 2000, 15:58 (0 Talkback[s])
(Other stories by 10 Apr 2000 11:41:13 GMT Matthew Broersma)

"Linuxcare, which provides customer service for business Linux users, Friday announced the departure of its CEO and the delay of its stock market flotation."

"The company declined to give reasons for the departure of Fernand Sarrat, who will be replaced by a newly-created "office of the CEO", headed by vice president of service delivery Pat Lambs."

"The move comes amid declining fortunes for high-tech stocks, including Linux-related companies. Companies such as Red Hat and VA Linux Systems had wildly successful IPOs but have seen their share prices drop since...."

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