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CNET News.com: MontaVista signs Linux deals, cuts staff

Jul 07, 2001, 19:00 (3 Talkback[s])
(Other stories by Stephen Shankland)

[ Thanks to Nobody for this link. ]

MontaVista has committed heavily to Linux in the embedded space. With customers delaying orders, the firm found it necessary to cut employees.

"MontaVista Software, a company selling Linux for non-PC computing products, signed up Toshiba and Ericsson as major new business partners but laid off 20 percent of its staff...."

"But times have been tough for embedded Linux companies, as the economic malaise has curtailed customer and manufacturer interest in embedded product categories such as handheld computers and telecommunications equipment. Lineo withdrew its initial public offering plan in January, and LynuxWorks followed suit in June. Red Hat has said customers in the embedded market are delaying orders."

"MontaVista was worried that securing financing would be difficult and laid off about 20 percent of its staff in May, lowering its employee count to its current level of about 140, said Sheila Baker, vice president, marketing."

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