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ZD Net UK: Linuxcare CEO leaves, IPO delayed

Linuxcare, which provides customer service for business
Linux users, Friday announced the departure of its CEO and the
delay of its stock market flotation.

“The company declined to give reasons for the departure of
Fernand Sarrat, who will be replaced by a newly-created “office of
the CEO”, headed by vice president of service delivery Pat
Lambs.”

“The move comes amid declining fortunes for high-tech stocks,
including Linux-related companies. Companies such as Red Hat and VA
Linux Systems had wildly successful IPOs but have seen their share
prices drop since….”

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