"Lineo, Inc., a leading innovator of embedded systems
and real-time solutions, today announced a restructuring that
includes a reduction in force and the expected spin out of
peripheral technology projects. This restructuring allows Lineo to
focus on its core competency of developing advanced embedded
operating systems and development tools that help developers and
OEMs integrate open standards with proprietary technology. Lineo
will continue to develop its Embedix and RTXC operating system
platforms, providing developers with solutions for DSP, 8-, 16-,
32-bit and multi-core deployments.
"From its inception, Lineo's core business has been the
development of embedded operating systems and tools," said Bryan
Sparks, chairman and CEO of Lineo, Inc. "In anticipation of a
growth year for the technology market, Lineo spent the past 18
months adding peripheral services, stacks and solutions - even
hardware solutions to our offerings. While the technology market
has softened, demand for embedded operating systems remains high
and we are responding by focusing on our robust Embedix and RTXC
operating system tools and solutions."
The restructuring includes the reduction of 60 employees. Lineo
expects to spin out an additional 100 employees in conjunction with
technology projects outside of Lineo's core embedded operating
system and development tools business, leaving Lineo with
approximately 110 employees to advance its core business."