“Undeterred by a lukewarm market, Lineo, a company pushing Linux
into set-top boxes and other non-PC computing devices, has filed to
raise about $60 million in an initial public offering.”
“Lineo’s Securities and Exchange Commission filing yesterday
comes amid IPO troubles at Linuxcare and a generally lackluster
stock performance for Linux companies no longer benefiting from the
buzz caused by the surprise acceptance of the new operating
system.”
“Lineo is insulated to an extent from this climate because
it’s aiming at a very different market than the existing public
Linux companies. Lineo’s version of Linux is intended for
“embedded” devices, where the operating system is usually hidden
from users. The market includes devices such as network hardware,
factory robots and cell phones.“