Feeds

Wide Open News Linuxcare CEO Departs, IPO Postponed

Major anagement changes

  • alert
  • submit to reddit

Secure remote control for conventional and virtual desktops

San Francisco-based Linuxcare has replaced CEO Fernand Sarrat with a newly created office, led by the company's VP of service delivery, Pat Lambs. Also named to the new office is Arthur Tyde, Linuxcare cofounder and executive VP, Ted Schlein, a partner at Kleiner Perkins Caufield & Byers and chairman of Linuxcare's board, and Paul Vais, a Linuxcare board member and managing director at Patricof & Co. Ventures. Not confirmed in the company's written statement were rumors repeated by Client Server News that CIO Douglas Nassaur had also left the company. Amid the hubbub and rumours, Linuxcare has decided to delay its pending IPO, which had been slated April 24. The company declined to project a new date. The IPO's underwriters, which include Credit Suisse First Boston, Chase H&Q, and Fleet Boston Robertson Stephens, offered no comment. But Giga Information Group analyst Stacey Quant told News.com, "Given the environment on Wall Street overall, it may not have been an opportune time to go public. The question is when one of these [Linux] companies will become profitable." The news (announced Friday, April 7 ) generated much self-flagellation on Slashdot, but didn't seem to affect investors' opinions of other Linux stocks. Red Hat, Caldera Systems, VA Linux, and Andover.Net closed just slightly down from the previous day. VA posted the greatest loss, slipping nearly five points to 50 1/8, but the loss seems in tune with the general market skittishness that has surrounded tech stocks during the past week. ® Wide Open News is a partner of The Register

Website security in corporate America

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
JINGS! Microsoft Bing called Scots indyref RIGHT!
Redmond sporran metrics get one in the ten ring
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Murdoch to Europe: Inflict MORE PAIN on Google, please
'Platform for piracy' must be punished, or it'll kill us in FIVE YEARS
Bono: Apple will sort out monetising music where the labels failed
Remastered so hard it would be difficult or impossible to master it again
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Sony says year's losses will be FOUR TIMES DEEPER than thought
Losses of more than $2 BILLION loom over troubled Japanese corp
Radio hams can encrypt, in emergencies, says Ofcom
Consultation promises new spectrum and hints at relaxed licence conditions
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.