[ Thanks to Greta
Durr for this link. ]
“By filing its registration statement for an initial public
offering (IPO) with the Securities and Exchange Commission (SEC),
Lineo moved toward becoming the first Linux company to dare such a
launch since technological stocks hit troubled waters last
month. Lineo, now in the “quiet period” before its IPO,
declined to comment on the timing of the filing. However, signals
have been going up from their Lindon, Utah offices for months.”
“Lineo’s acquisition of six other companies, including
Zentropix, the brainchild of the real-time military simulation
industry, and INUP, provider of a Linux-based clustering package,
during April and May was an indicator of its ambitious plans for
growth. An additional $37 million in operating capital infused by a
group of companies including Samsung, Mitsubishi, and Motorola
certainly didn’t take the wind out of Lineo’s sails, either.”
“That $37 million investment took place May 1. Less than three
weeks later, Lineo announced that the company was ready for prime
time. That statement was echoed by one of Lineo’s investors, Citrix
Systems. “From time to time, Citrix makes investments in companies
that we believe are important to the industry and will make a
significant impact.” said Janice Roberts Wilson, senior director of
business development, strategy and technology at Citrix. “The
embedded Linux client will be very important in the growing market
for appliance devices. Lineo is well positioned in this area and is
a good strategic investment for Citrix.”