“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.“