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Reuters: LinuxOne's 3 mln IPO shares may price at $8.25/shr

Dec 23, 1999, 14:55 (13 Talkback[s])

"Open source software company LinuxOne Inc. said Thursday that the 3 million common shares in its initial public offering may be priced at $8.25 per share, above the anticipated price range of $6-8 per share."

"The company, whose products include the LinuxOne operating system and LinuxLite, which helps convert to Linux from the competing Windows operating system, said it stands to make more than $22 million after expenses."

"Mountain View, Calif.-based LinuxOne plans to use the money for working capital and other general corporate purposes, including geographic expansion, according to a filing with the Securities and Exchange Commission."

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