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Upside: TurboLinux's new CEO

Jun 04, 2000, 16:56 (0 Talkback[s])
(Other stories by Sam Williams)

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"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," Thomas said."

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