CyberNet Plans an IPO & Motley Fool on LinuxOne

The continued reign of Linux on Wall Street has found another sequel with CyberNet planning an IPO. CyberNet is, according to the press release, "a developer of Linux server software". And in an aside, The Motley Fool has an article on the LinuxOne IPO entitled LinuxOne: The Beauty of a Bad Example - Lesson: Caveat Emptor. Very amusing.

Comments

Thanks Motley Fool

[Carnage4Life]

I've been waiting for weeks now for a critical article on the LinuxOne IPO from a mainstream non-Linux friendly source and this is it.
After reading articles like this one which actually may convince some silly investors that LinuxOne is a Linux underdog that may take off. Or even worse articles from other mainstream press that merely state that Open Source "enthusiasts" dislike LinuxOne for not being true to Open Source (they usually link to this), it is good to see a reputable mainstream site do a quality job of describing LinuxOne to the average clueless investor (when I say clueless i mean with regards to Linux).
In a climate where Salon's stock rises 90% simply because they are going to provide content on RedHat's website, LinuxOne has potential to rise above and beyond their IPO price , fleecing unknowledgeable investors along the way. What's extremely interesting is that the CEO of LinuxOne hold shares of LinuxOne through a charity and thus may be able to cash out if given prior written consent by their underwriter(From ZDNet).
All in all kudos to Motley Fool for showing the average investor exactly what kind of company LinuxOne is. I especially like the blurb at the end...
I can't repeat this enough: DO YOUR OWN HOMEWORK. It's a vicious market out there, buyer beware. Don't blindly trust a company's press releases, they're advertising. Don't trust what analysts say about it. Even the Fool has been small-f fooled before, right here in this portfolio. Our original paper money "Simpleton" portfolio included Oxford Health Plans (Nasdaq: OXHP), which one day lost 75% of its value due to "accounting irregularities." I know the stock market's booming like mad but DON'T go on margin, DON'T gamble away money you can't afford to lose, and DON'T put all your eggs in one basket. We don't always repeat that often enough here, so you'd better get in the habit of repeating it to yourself.

If only all individual investors followed this advice maybe the stock market wouldn't be the crazy place it is today. :)

Powersource email address gone

[PapaZit]

I sent a friendly note to abuse@hotmail.com mentioning that ps84@hotmail.com was using his email address for business, and pointed them at the Power Source web page where it's listed.

For those that don't know, using a Hotmail address for business is a violation of the Hotmail Terms of Service.

I got a note back from abuse@hotmail.com yesterday. They've cancelled the account. So, at this point, Power Source doesn't even have an email address.