"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
"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
"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."