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Financial Times: Linux Sets Pace for New-Look IT Boom

Mar 15, 2004, 17:00 (5 Talkback[s])
(Other stories by Richard Waters)

"The success of the Linux computer operating system has fuelled a rush by venture capitalists to invest in a new wave of open source software companies, creating the sort of land-grab mentality last seen during the 1990s technology boom.

"'Smart, savvy people are begging to put a lot of money into open source--the venture capital spigot is back on,' said Mike Olson, chief executive of Sleepcat, an open source company. Although the company did not need cash, he said it received 'multiple solicitations' a week from would-be investors..."

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