CNET News.com: Embedded Linux company Lineo scraps IPO plans

“Lineo on Friday withdrew its plans for an initial public
offering, a sign that investor pessimism has swept into a
previously optimistic part of the Linux landscape.”

“Lineo, which had filed in May to go public, is working to put
Linux in set-top boxes, network routers and other non-PC “embedded”
computing devices. Even as the regular Linux market lost its luster
and other Linux companies consolidated, the embedded market
attracted many new start-ups and two IPO filings.”

“We decided to pull it,” Chief Executive Bryan Sparks said in an
interview. “We had a board meeting on Wednesday and we discussed
market conditions the last couple months. We think the IPO window
is closed.”


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