"A second Linux company has put the brakes on expansion and laid
off staff, a further indication that investors no longer are as
gung-ho on the comparatively new operating system."
"TurboLinux laid off an undisclosed number of employees today,
citing demand by investors for more revenue and earlier
profitability, president Paul Thomas said in an interview. He said
the layoffs weren't as deep as those at troubled Linuxcare, which
eliminated the jobs of about 70 employees in early May in the midst
of a derailed initial public offering process."
"The rules have changed in the technology market. It used to be
you could go public and it didn't matter whether you were
profitable or what your revenues were," Thomas said. "What we saw
was this is not the case any more."
"...While Linux has far from vanished, it's no longer
assumed to be a guaranteed road to riches. Shares in Andover.Net
and Caldera Systems are trading below their IPO prices."
Some of the products that appear on this site are from companies from which QuinStreet receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. QuinStreet does not include all companies or all types of products available in the marketplace.