Linux.com: The Future of Linuxcare - The Dave Sifry InterviewOct 02, 2000, 23:32 (1 Talkback[s])
(Other stories by Stan Shivell)
"The past few months has been extremely difficult for Linuxcare. The San Francisco-based support service company which began servicing the Linux community a little over a year ago has been recovering from what can only be described as a frightening bombardment of bad press."
"It all started when Linuxcare announced their IPO. With the surge of press and the skyrocketing tech stocks, everyone thought that this would be the next big tech IPO. But due to timing and degrading tech stock conditions, Linuxcare was forced to postpone their IPO. Like many companies, they were spending money and depending on the IPO to back them up. With their burn rate high, and hiring rate as equally hot, this lack of future funding caused them to make cutbacks and even layoffs."
"It's been a few months since Linuxcare had to lay off employees and postpone their IPO. I managed to reach Linuxcare's CTO Dave Sifry for comment on how the company has been doing and his thoughts on what had happened."