TechWeb/Reuters: Linuxcare Seeks Withdrawal Of IPO

“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approximately $56.6 million be withdrawn.”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
,” according to a filing with the U.S. Securities and
Exchange Commission.”

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