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Forbes: LinuxOne might be LinuxLast

Dec 28, 1999, 17:35 (1 Talkback[s])
(Other stories by Nicole Koffey)

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"The market's insatiable appetite for Linux based companies is expected to wane next month as LinuxOne (proposed nasdaq ticker: LNIX ), a Linux-based company with no reported revenue and a very short operating history, goes public in February."

"LinuxOne plans to raise roughly $24 million in proceeds by offering 3 million shares in a range of $6 to $8. Capital West Securities, a lesser-known investment firm that has underwritten some ten deals this year, is in charge of the deal...."

"Skeptics, however, claim that the company has completely ripped off Red Hat...by producing a product that simply substitutes "LinuxOne" in the place where "Red Hat" usually appears.

"That's absurd," says Roy Holmes, vice president of sales at LinuxOne. "These Linux-based companies are all a version of each other anyway: All of them are built off of the same technology."

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