Feeds

Lindows postpones IPO

Fickle stock market

  • alert
  • submit to reddit

Top 5 reasons to deploy VMware with Tegile

Lindows is postponing its IPO, citing market conditions. The Linux distro vendor has not abandoned the idea altogether - its S-1 registration statement remains on file with the Securities and Exchange Commission.

Now for a statement from Michael Robertson, Lindows CEO: "Lindows won't be forced into a cut-rate IPO by a fickle stock market. We are fortunate to have cash in the bank, and we owe it to our stockholders to wait until market conditions and public company valuations improve before we proceed with a public offering."

Lindows is a very small company - turning over less than $5m a year, but it has big name recognistion, thanks to its trademark run-in with Microsoft. Last month, it agreed to drop the Lindows name from its software - now called Linspire. In return, Microsoft dropped legal action and gave the company $20m. So it does not need to IPO, right now.

Lindows had aimed to raise up to $57m from its IPO, when it announced its intention to float in April. Since then, underwriters have slashed the price range of its shares from $7-$9 to $5-$7. ®

Related stories

Microsoft settles L-----s dispute
Will the first Linux carwash clean up?
Dell denounces desktop Linux dealer
Lindows wins some in the Netherlands
Microsoft loses Lindows appeal
MS drags Linspire back to court
Lindows preps $57m IPO
Lindows throws in the tow - l

Secure remote control for conventional and virtual desktops

Whitepapers

Go beyond APM with real-time IT operations analytics
How IT operations teams can harness the wealth of wire data already flowing through their environment for real-time operational intelligence.
The total economic impact of Druva inSync
Examining the ROI enterprises may realize by implementing inSync, as they look to improve backup and recovery of endpoint data in a cost-effective manner.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
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?
Mitigating web security risk with SSL certificates
Web-based systems are essential tools for running business processes and delivering services to customers.