“TurboLinux has filed to go public and hopes to raise about $60
million, an indication that the Linux IPO freeze might be thawing a
bit.”
“The move puts TurboLinux in league with competitors Red Hat and
Caldera Systems, two other companies that focus on selling Linux
software and services for use on servers. And like those
competitors, TurboLinux isn’t profitable, posting a net loss of $30
million on revenue of $2.9 million for the six months ended June
30….”
“Japanese sales accounted for 95 percent of the company’s 1999
revenue and 75 percent of the revenue from the first six months of
2000, the company said in its statement. In disclosing risks to
shareholders, the statement added, “Although our new business
plan focuses on sales in United States and international markets,
we have only limited experience in selling our products outside of
Japan.“