“The past few months has been extremely difficult for
Linuxcare. The San Francisco-based support service company which
began servicing the Linux community a little over a year ago has
been recovering from what can only be described as a frightening
bombardment of bad press.“
“It all started when Linuxcare announced their IPO. With the
surge of press and the skyrocketing tech stocks, everyone thought
that this would be the next big tech IPO. But due to timing and
degrading tech stock conditions, Linuxcare was forced to postpone
their IPO. Like many companies, they were spending money and
depending on the IPO to back them up. With their burn rate high,
and hiring rate as equally hot, this lack of future funding caused
them to make cutbacks and even layoffs.”
“It’s been a few months since Linuxcare had to lay off employees
and postpone their IPO. I managed to reach Linuxcare’s CTO Dave
Sifry for comment on how the company has been doing and his
thoughts on what had happened.”