"TurboLinux, the San Francisco-based Linux distributor, offered
explicit evidence this week as to how much and how quickly the
rules have changed for pre-IPO companies when it announced
Wednesday the layoffs of approximately 70 employees."
"On Thursday, the company followed up the layoffs with the news
that Paul Thomas would be replacing Cliff Miller as chief executive
offer. Miller will remain company chairman."
"Thomas, who held the president and chief operating officer spot
for three months before taking on CEO duties, says the recent
shakeup is a sign of the investment market's sudden demand for
profitability or, at the very least, minimal losses."
"This isn't a Linux thing; this is a technology thing,"
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