Linux Today: Linux News On Internet Time.

E-Commerce Times: Linux Grows Up

Jun 07, 2000, 01:20 (0 Talkback[s])
(Other stories by Matthew W. Beale)

"In the minds of many industry analysts, Linux has been growing up in the glare of the spotlight over the past couple of years. If that observation is true, then the recent LinuxMall.com merger agreement with the publicly traded EBIZ Enterprises, Inc. (OTC BB: EBIZ) could set a trend for rites of passage as the open-source platform reaches maturity."

"Despite support for Linux generally from the biggest of the big in the high-tech industry, the deal also highlights the struggle by companies to figure out a free software-based business model that works."

"The merger is being called an attempt by LinuxMall.com to beat what amounts to an IPO curse in the volatile Nasdaq market. The high profile IPO withdrawal of Linuxcare and the severe cost-cutting measures by IPO hopeful TurboLinux have emphasized the fact that the honeymoon between Wall Street and Linux is over. As LinuxMall.com CEO David Shaw rethought his company's planned initial public offering, Jeffrey Rassas and EBIZ were looking to move their OTC stock to Nasdaq. A mutual business interest at Chase Hambrecht & Quist introduced the two, and a successful courtship immediately followed."

Complete Story

Related Stories: