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SRO: LinuxCare Pulls IPO Plug

Apr 18, 2000, 17:41 (0 Talkback[s])
(Other stories by Steven J. Vaughan-Nichols)

"Linuxcare lost what may have been a winning lottery ticket when CEO Fernand Sarrat resigned and the company was forced to pull the plug on its IPO last week."

"Remaining LinuxCare executives are trying to pick up the pieces. "We have two separate incidents," says LinuxCare CFO Christian Paul. "The first was the CEO resigning, and the second was the condition of the Nasdaq. There is no doubt that even if Fernand were still here, we'd still be postponing the IPO."

"LinuxCare's board wants to "get back on track" with the IPO as soon as market conditions stabilize, says Patricia Lambs, one of four members in LinuxCare's temporary Office of the CEO."

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