“I’ve become quite used to the fact that the Linux world is
destined to have a rainbow of distributions. And the latest
newcomer to this rainbow is LinuxOne, whose color appears to be
green… as in money…..”
“With a staff of a few dozen people at its Silicon Valley
office, LinuxOne has become, seemingly from out of nowhere, the
second Linux distributor to announce a public stock offering. In
fact, at the time it filed its intent to sell stock, LinuxOne had
not commercially released a single product. According to the
filing, the company has yet to bring in a cent of revenue.”
“That was deliberate, according to Michael Morrison, the Nevada
lawyer who filed the IPO on LinuxOne’s behalf. “Having an early
IPO was a strategic decision,” he said. “The first company in a
field to do an IPO does very well, the second does OK and the rest
are hit-and-miss.“