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CNET News.com: Embedded Linux firm Lineo plans IPO

May 20, 2000, 05:31 (0 Talkback[s])
(Other stories by Stephen Shankland)

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"Undeterred by a lukewarm market, Lineo, a company pushing Linux into set-top boxes and other non-PC computing devices, has filed to raise about $60 million in an initial public offering."

"Lineo's Securities and Exchange Commission filing yesterday comes amid IPO troubles at Linuxcare and a generally lackluster stock performance for Linux companies no longer benefiting from the buzz caused by the surprise acceptance of the new operating system."

"Lineo is insulated to an extent from this climate because it's aiming at a very different market than the existing public Linux companies. Lineo's version of Linux is intended for "embedded" devices, where the operating system is usually hidden from users. The market includes devices such as network hardware, factory robots and cell phones."

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