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LinuxCare goes the IPO way

Posted by HeUnique on from the here-we-come-wall-street dept.

Just as the title says, LinuxCare has filed for its IPO. Linux Weekly News has posted a summary of the S-1 filing. The full S-1 can be found here. Many people are waiting for Linuxcare to go public. I wish them very good luck.

1 of 53 comments (clear)

  1. Do NOT invest in this company by Jon+Peterson · · Score: 5

    This is a flame. It's also sarcastic in parts.

    This company is really little better than LinuxOne. It is attempting to get rich off the backs of OS programmers everywhere, and trade on the popularity of the Linux name.

    In reality, all this company does is sell support and consultancy. Like about, oh 2000 other companies. Except they focus on Linux, which as we all know is a radically new OS with hardly any similarity to any other OS, so re-training people to be Linux consultants will be REALLY hard, and other companies will find it SOO hard to catch up. Also, Linux is frequently used in massive fault tolerant systems where you really need expert help from the kind of people who understand the code at the lowest level. By contrast, Linux is hardly ever used for simple http and filesharing jobs where, frankly, you can get all the help you need in house or from contractors.

    This company makes a loss TWENTY TIMES its REVENUE. That's like spending twenty pounds to make one pound. Bargain. I know, I'll ask LinuxCare to send me a cheque for 1000 quid, and I'll send one back for 100 quid, a deal apparently twice as good as the deals they are making now.*


    72% of this company's revenue comes from three clients. That means that those clients hold an axe above the company's head. They are practically a division of their three main clients.

    "If we fail to adequately promote and maintain our brand name or are unable to
    continue using "Linux" as part of our brand name, our business may be adversely
    affected.
    "

    Ha ha ha well isn't that topical. Sorry, couldn't resist. Let's defend this company's use of 'Linux' because they are a really nice company that we all like.

    ". Mr. Linus Torvalds owns the
    trademark to "Linux" and has approved our use of the word Linux in our company
    name as well as in the title of our websites.
    "

    Oh, that's all right then. So long as they have the Royal Warrant....


    *My argument here argument is complete sophistry but it's fun so I put it in anyway.

    In case you hadn't noticed, I REALLY AM NOT IMPRESSED by all these IPOs. And yes I'll bitch about it on Slashdot until they change the name from 'News for Nerds, Stuff that Matters' to 'Boring Industry Headlines and Capitalist Gossip and Speculation and Back Patting and Hype + some Interviews with My New Rich Friends and Reviews of Films and Books by my New Famous Friends.'

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