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Forbes: Here come the LPOs

Jun 10, 1999, 11:03 (0 Talkback[s])
(Other stories by Om Malik)

Thanks to Randy for this link.

"Caldera Systems, playing catchup with Linux operating system software rival Red Hat Software, says it is looking to tap the public markets. Red Hat Software filed for an initial public offering (IPO) last week. And this is the beginning of the next hot IPO trend--the Linux IPOs."

"The Linux operating system is distributed free of charge across the World Wide Web and has spawned scores of companies that hope to profit from this hot new technology trend."

"'This could potentially be a very big trend, and the market will have to deal with a new business model of these open source companies that expect to survive and profit from selling services and support for Linux,' says Mark Sherman, managing director of the investment banking division of San Francisco-based brokerage Banc Boston Robertson Stephens."

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