“The blazing-hot market for companies associated with the free
Linux operating system is being pushed to a new limit, with the
public offering by a Linux vendor with no reported revenue or
earnings, and not much of a track record within the global Linux
community.”
“LinuxOne Inc., a Mountain View, Calif., provider of Linux
software and services, hopes to cash in on the Linux craze with an
initial public offering as early as today….“
“But LinuxOne’s offering is far smaller than those of Red Hat
and VA Linux; Red Hat raised $96.6 million, while VA Linux took in
$116.4 million from its IPO. And small wonder: Those companies had
been in business for years, whereas LinuxOne’s first product, its
version of the Linux operating system, was only introduced in
September-the same month the company announced its intention to go
public.”