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Salt Lake Tribune: Lineo Waiting for Right Time to Go Public

Aug 10, 2000, 14:45 (0 Talkback[s])
(Other stories by Guy Boulton)

"Lineo Inc.'s planned initial public stock offering faces a wary market."

"The Lindon software company filed documents with the U.S. Securities and Exchange Commission in May to raise as much as $60 million from investors. But the stock market's enthusiasm for companies, such as Lineo, that sell software based on the Linux operating system has sinced waned."

"David Menlow, president of IPOfinancial.com, which tracks initial public offerings (IPOs), doubts the deal could be done in its current form given the market's attitude toward Linux companies."

"It's one of those 'been-there-and-done-that' scenarios," Menlow said. "And the well has been poisoned by a number of other Linux stocks."

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