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TechWeb/Reuters: Linuxcare Seeks Withdrawal Of IPO

May 02, 2000, 02:30 (0 Talkback[s])

"Linuxcare, provider of services for the Linux operating system, requested on Monday that its planned initial public offering to net approximately $56.6 million be withdrawn."

"The company has elected not to proceed with the offering due to general market conditions and a determination that it would not be in the company's best interest to proceed at this time," according to a filing with the U.S. Securities and Exchange Commission."

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