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CNET News.com: Tech giants give $30 million more to TurboLinux

Oct 11, 2000, 15:04 (0 Talkback[s])
(Other stories by Stephen Shankland)

"TurboLinux will announce Wednesday a further $30 million in funding from IBM, Intel and others amid a drawn-out plan to go public, sources familiar with the company's plans said. Other backers include new investors Fujitsu, Hitachi, SGI and Softbank's E-commerce unit as well as a number of earlier investors."

"The company, one of the major sellers of Linux, declined to comment on the plans, but chief executive Paul Thomas alluded to it during a speech last week when he said TurboLinux had raised a total of $100 million in financing. TurboLinux's previous major funding announcement occurred in January when the company won $57 million from Dell Computer, Compaq Computer and a host of Japanese computer makers."

"However, where corporate funding for Linux companies in the past often meant successful partnerships, today it can mean something not so pleasant: the need to find some money to keep paying the bills."

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