Feeds

Wide Open News Linuxcare CEO Departs, IPO Postponed

Major anagement changes

  • alert
  • submit to reddit

Maximizing your infrastructure through virtualization

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

Top three mobile application threats

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Nadella: Apps must run on ALL WINDOWS – PCs, slabs and mobes
Phone egg, meet desktop chicken - your mother
White? Male? You work in tech? Let us guess ... Twitter? We KNEW it!
Grim diversity numbers dumped alongside Facebook earnings
Microsoft: We're making ONE TRUE WINDOWS to rule us all
Enterprise, Windows still power firm's shaky money-maker
HP, Microsoft prove it again: Big Business doesn't create jobs
SMEs get lip service - what they need is dinner at the Club
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
prev story

Whitepapers

Top three mobile application threats
Prevent sensitive data leakage over insecure channels or stolen mobile devices.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.