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LinuxMall.com: Reactions to Lineo's IPO

May 24, 2000, 18:28 (0 Talkback[s])
(Other stories by Michelle Head)

[ Thanks to Greta Durr for this link. ]

"By filing its registration statement for an initial public offering (IPO) with the Securities and Exchange Commission (SEC), Lineo moved toward becoming the first Linux company to dare such a launch since technological stocks hit troubled waters last month. Lineo, now in the "quiet period" before its IPO, declined to comment on the timing of the filing. However, signals have been going up from their Lindon, Utah offices for months."

"Lineo's acquisition of six other companies, including Zentropix, the brainchild of the real-time military simulation industry, and INUP, provider of a Linux-based clustering package, during April and May was an indicator of its ambitious plans for growth. An additional $37 million in operating capital infused by a group of companies including Samsung, Mitsubishi, and Motorola certainly didn't take the wind out of Lineo's sails, either."

"That $37 million investment took place May 1. Less than three weeks later, Lineo announced that the company was ready for prime time. That statement was echoed by one of Lineo's investors, Citrix Systems. "From time to time, Citrix makes investments in companies that we believe are important to the industry and will make a significant impact." said Janice Roberts Wilson, senior director of business development, strategy and technology at Citrix. "The embedded Linux client will be very important in the growing market for appliance devices. Lineo is well positioned in this area and is a good strategic investment for Citrix."

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