“Struggling Linuxcare has received $30 million from Lehman
Brothers and several other investors, enough to carry the company
to planned profitability in the fourth quarter of 2001, the company
said.”
“As previously reported, the funding is a necessary endorsement
to help the company pull back from its troubles and regain its
status as one of the original start-ups to try to make money off
the Linux operating system.”
“New investors include Itochu International, Charter Ventures’
Charter Growth Capital and an affiliate of Sands Brothers.”