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CNET News.com: Linux firm snags $37 million investment from Asia

May 02, 2000, 12:30 (0 Talkback[s])
(Other stories by Stephen Shankland)

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"Lineo, an embedded Linux firm, has received a $37 million investment from a slew of Asian manufacturers, close on the heels of a similar investment in a major competitor."

"The company creates a version of Linux for non-PC computing devices such as network hardware, set-top boxes or the loosely-defined "Internet appliance" for surfing the Web without a standard PC. As evidenced by this investment and a $20 million investment in Lineo competitor Lynx Real-Time Systems less than a month ago, embedded Linux is as hot with investors today as Linux for servers was in 1999."

"Lyle Ball, vice president of marketing at Lineo, has said the company is bound for an initial public offering. However, he declined to comment on the possibility today."

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