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InfoWorld: Linuxcare shies from renewing IPO plan

May 03, 2000, 18:15 (0 Talkback[s])
(Other stories by Douglas F. Gray)

"After calling off its initial public offering and replacing its chief executive officer on the same day last month, Linux services provider Linuxcare is still not in any rush to jump back in line to go public."

"We really had the company in high gear heading for the IPO, but as we approached it, we decided to make some changes in the company," Arthur Tyde, the company's cofounder and executive vice president, said here Wednesday in a telephone interview."

"At that point, the market was doing pretty good. But we decided to do some internal restructuring, so we pulled out. Then the market tanked," Tyde said about the company's announcement on April 7."

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