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I wonder if they will be trying to sue Freeedgar, the company that is hosting there S.E.C. Filings, as well

http://sec.freeedgar.com/displayText.asp?ID=651949

You do not realize that this $60 Billion is paper-money only, there is hardly any cash. All this money is stuck in other people's projects. It will probably take them 10 - 20 years to be able to cash all their assets if they can at all.

To answer your question, No, they do not make money. Based on edgar online results at Edgar Online , they lost about $17 million in the quarter ending September 30, 2002. They have yet to produce a profitable quarter. I would not expect them to be around for a prolonged period of time. If you really want to know where a company makes and loses money, it's very simple to look at SEC filings and decode the financial statements, but as we have learned recently, they aren't always correct either.

Easy to play. Start a local pool and collect news pieces that you'd never find on Slashdot such as their latest SEC Filing! Roll a 1d6 to predict what VA will polymorph into next! Fun for the whole family!

Special Gov't expansion pack expands the fun with Unemployment Benefits & Welfare application forms.

I am a Replay Tv owner and also have a relative who works as an engineer at Replay. Replay added the described "feature" in an attempt to raise much-needed money. People complained so they removed it.

As a software developer, I definitely see the advantages to automatic upgrades, especially when the hardware is a closed system. Without automatic upgrades, technical support can become a nightmare, since everyone could have different revs of the firmware, and new versions should fix old problems. Theoretically, the product will improve with age. Automatic upgrades of non-closed systems (i.e. a PC) are not a good thing, since there is a good chance that the upgrade will break user-installed software and/or hardware.

Now both Replay and Tivo are hungry for money. Both companies are losing money. Accordign to Freeedgar, Tivo lost over 200 million dollars, last quarter losing 89 million dollars. Replay has also lost a lot of money, but never went IPO. Replay is currently being acquired by Sonic Blue, formerly Diamond Multimedia and S3.

I am an analyst at a Big 5 Accounting firm. I spend a great deal of my day doing research on the Internet. I am usually search for information on somewhat obscure industries, such as kidney dialysis. I have found that Google is consistantly the better search engine for my needs. I particularly like that it is so much faster that the other sites, it seems primarily because they don't have any of those obnoxious banner ads. More and more sites I visit are littered with ads from Double Click.

While I love the fact that Google has stayed away from advertising, I've also done enough research on Internet content providers, Internet Portals, etc. to know that they won't be around that long if they don't start generating positive cash flow. Because they are selling anything tangible, this means to generate incoming cash flow they have to sell services. For an Internet company, selling services most likely means selling advertising. Let's face it, people generally belive that information should be free on the Internet. I work for one of the largest accounting firms in the world, and I spend a great deal of time looking for free research and information on the internet because the belief is that if it is on the Internet, it should be free.

The point is, I would rather see Google start selling ads, staying away from the obnoxious Double Click banner ads, and stay around as one of the better search engines. Not enough people will pay for search service to generate enough cash flow to keep Google around.

Incidently, if you looked through the 10k filing of Andover.Net (use Edgar Scan a data base by a comptetive firm or Free Edgar), and go all the way into the notes of the financial statements, all the way to page 61 of the report, you will find the pro forma financial statement on Slashdot. For the year ending September 1999, Slashdot was profitable. All of the revenue was generated from advertising.

See this rebuttal

It can't be revenues ($3 million in '99) or profits ($9.4 million loss in '99).

Caldera Systems' products would appear to be proprietary Linux ports of Noorda's, I mean, Novell's successful and fast-growing Netware line plus Red Hat-based OpenLinux distro. The Lizard installer (co-developed with TrollTech) seems to have been finally open-sourced last September under TrollTech's QPL but the only reference to COAS licensing seemed to imply that the source will only be released after the administration tools are developed , whatever that means.

Offering only approximately 5% of the stock to the public is a time-tested method of increasing demand by artificially restricting supply. Ray Noorda (holding 73% after IPO) will be laughing all the way to the bank even if the IPO tanks. Even Sun, SCO, Citrix etc. got their pre-IPO shares at $6 a few months ago while TrollTech got theirs via equity swap. However the common man only "wins" if the company is really going to be worth over $1 billion in the not too distant future. Also be warned that daytraders and marketmakers (both well-known market manipulators) may quickly boost the price quite high after opening but they're also able to dump their "holdings" in a split second when the price starts heading south.

Are people even aware that this Caldera Systems, Inc. isn't the same as Caldera, Inc.? Since they took over www.caldera.com from their mother company any references to the latter have been hard to find. At least they're still proudly carrying a link to the Caldera vs. Microsoft (SETTLED!) page, even though the dough went to the old Caldera, Inc. instead. I hope that the DOJ's case will finally produce Microsoft a guilty verdict instead because it would be too painful to see Gates (unrelated tip: try searching Chairman Gates' site for "Linux") proclaiming again how Microsoft has never, ever done anything remotely naughty, how the operating system and Office suite markets are, as always, extremely competitive and how they only settled to be able to better continue innovating for their customers...

Anyways, it will be interesting to see what impact the nouveau rich Caldera Systems, Inc. will have on Red Hat's market valuation and strategies; both of these primarily server and service-oriented companies are going to be accountable for their shareholders' financial well-being. With Caldera Systems, Inc. IPO already priced above Corel's market valuation perhaps Red Hat should reconsider strengthening their position by buying out Corel (currently valued at only 10% of RHAT market cap), selling Corel's investments in other companies for cash and then creating a number of subsidiaries with their own lucrative IPO's of the Corel product lines as e.g. the WordPerfect Office Corp., the Corel Draw and Publishing Corp., the Red Corel Linux OS for desktop etc. Say what you will but competition between these Linux-based companies is going to get started.

A quick search from www.adanet.org nets:

MICHAEL J. MORRISON
1995 Ridgeview Dr.
Reno, Nevada
(Washoe County)

ADMITTED: 1976

LAW-SCHOOL: McGeorge School of Law (J.D.)

COLLEGE: United States Air Force Academy (B.S.)

BORN: 1945

ISLN: 902352344

The IPO was filed in Nevada was it not? Seems to me that this could be a legit lawyer.

URL: Abanet link to Mr. Morrison's Info


Also of interest is the Business Address cited in the LinuxOne S-1/A:

BUSINESS ADDRESS:
STREET1: 1495 RIDGEVIEW DR
STREET2: SUITE 220
CITY: RENO
STATE: NV
ZIP: 89509
PHONE: 7758276300


URL: FreeEDGAR S-1/A Filing for LinuxOne, Inc.

Conclusion. This e-mail was most likely sent by a real lawyer working for LinuxOne. Unless, of course, you want to get really paranoid and say that they saw the name on the building while renting their fake business office and decided to steal it for harassing honest, hardworking netizens...

Read the S-1/A a little further down and find:

With Copies To:

Michael J. Morrison, Esq.
1495 Ridgeview Drive, Suite 220
Reno, Nevada 89509
Telephone: (775) 827-6300

My guess is they had a real lawyer involved with the filing of their IPO material.

Nuf Said...

I don't see any friends-and-family program in there.

http://www.freeedgar.com/Search/ FilingsResults.asp?SourcePage=CompanyList&CIK=1095 398&UseFrame=1&FormType=&DateFiled=&Comp anyName=LINUXONE+INC

This company is a joke! They are incorporated in some lawyer's office in Nevada. They have $0 in total revenue from inception to 31 July 1999. Check out this bald-faced description of their web site:

Linuxone.net offers users access to broad and authoritative content on open source software including news, employment and links to other Linux-related sites. We also offer extensive features for the open source community, software updates and downloads and a shopping center for our shrink-wrapped products and support offerings.

I also note that none of their executive officers except the founder have any equity in the company. That shows how little the CFO, the VP of Marketing, and the Corporate Secretary are involved: not at all. They are window dressing.

LinuxOne.com also plagiarized the Red Hat S-1 filing. For example, compare their "Apache, Perl, Sendmail" text to Red Hat's. For another example, compare their "Strategy" list of goals to Red Hat's "Our Strategy".

LinuxOne.com intends to distribute the stock by offering it for sale directly:

PLAN OF DISTRIBUTION: The shares will be offered for sale by our management for a period of 180 days, unless extended in the discretion of our Board of Directors for an additional 90 days. No commissions will be paid to our management for any sales they make. This is a "self-underwritten" offering.

And then this:

LinuxOne has reserved up to 300,000 shares of common stock for sale at the initial public offering price through a directed share program, to directors, officers and employees of LinuxOne and to open source software developers and other persons that LinuxOne believes have contributed to the success of the open source software community and the development of LinuxOne.

Under the guise of an affinity program, they are going to spam and scam us to buy shares in their worthless company!

OUR RELIANCE ON THE SUPPORT OF LINUX TORVALDS AND OTHER PROMINENT LINUX DEVELOPERS COULD IMPAIR OUR ABILITY TO RELEASE MAJOR PRODUCT UPGRADES AND ESTABLISH MARKET SHARE.

Go to freeedgar.com. It has all the SEC filings (which, as a company filing to go public, they have to have). Then search for ANDOVER NET. It has their S1, which is the form you have to file with the SEC stating your intent to go public.

It should also be ntoed that according to Be's own Financial Disclosure Intel owns 8.43% of Be and has "certain board representation rights" as a result of the arangement that granted the stock.

OK, that link isn't working for some reason. Netscape or something is inserting spaces in it. Try just going here and searching for Red Hat.

OK, that link isn't working for some reason. Netscape or something is inserting spaces in it. Try just going here and searching for Red Hat.