"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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