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CNET News.com: Linuxcare replaces CEO, postpones IPO

“Linuxcare chief executive officer Fernand Sarrat has resigned,
and the company has postponed its initial public offering.”

“Pat Lambs, who has been vice president of service delivery for
the San Francisco-based provider of Linux technical support and
services, will replace him.”

“In an interview today, Lambs declined to say why Sarrat
resigned, but said his last day of employment was today, when the
Linuxcare board voted to appoint her head of the new office of the
CEO….”

We are confident that Linuxcare’s business plan, management
strength, technology infrastructure, employee base and technical
expertise will enable us to work through this event and pursue our
path toward an initial public offering and a long-term leading
position in the Linux industry
,” Lambs said in a
statement.”


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