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LinuxPR: The Linux IPO and Acquisition Arena: Who is Next?

Aug 15, 2000, 12:36 (0 Talkback[s])

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"A flurry of financial activity has taken place since Red Hat became the first pure Linux player to issue an IPO one year ago. Andover.net, Caldera Systems, Cobalt Networks and VA Linux issued their IPO's shortly thereafter. Other players, including Lineo, Linuxcare, TurboLinux, and Rackspace appear to be on their way to the IPO gates and we can expect several more companies to follow suit in the next few months."

"There are only a handful of linux companies who employ more than fifty employees at this time, but it is already apparent that these larger companies are not hesitating to scoop out potential winners before these smaller privately-held companies build the wherewithal to proceed to the IPO gates; or worse, before they are acquired by the competition."

"Knowledgeable players in this industry have been busy hand-picking their favorites over the past ten months. At least fifty private Linux companies have been acquired by Red Hat, VA Linux, Internet.com and others during this time."

Press Release