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TurboLinux/LinuxCare Confirmed

Posted by Hemos on from the yes-it's-true dept.

A reader writes "This isn't a rumor anymore. A Linuxcare spokesperson confirmed that talks are underway." So, the earlier posting is correct - Turbolinux would be acquiring LinuxCare in a pretty standard stock for stock transfer.

4 of 38 comments (clear)

  1. Stock Swap by NateKid · · Score: 4

    LinuxCareGuy: I'll give you 9 million shares, valued at $0.00 per share, for 7 million shares of your stock, valued at $0.00 per share.
    TurboLinuxGuy: You're ripping me off. How about 5 million shares of my stock valued at $0.00 per share, in exchange for 10 million shares of your stock, valued at $0.00 per share.
    LinuxCareGuy: You've got a deal. [to himself] He doesn't know I'm planning a 3:1 stock split before we trade. [wicked laughter].

  2. Re:Bye-bye free Linux by PD · · Score: 4

    www.cheapbytes.com sells Debian. If you don't have that money lying around, and you live in Michigan, just go out and pick up 20 empty soda cans and you've paid for it.

    If you live on some other states, you might have to pick up 40 cans, but that's still cheap.

    If you live in a state where there is no deposit on empties, you might have to resort to bank robbery or panhandling. I suspect that it's really not that much of a problem though. I mean how often do we see people on the curb holding signs that say "I won't lie to you, I need five dollars for a pack of cigarettes and a Debian CD."

    --
    If tits were wings it'd be flying around.
  3. Here it comes by PD · · Score: 4

    All the reporters who made a buck in 2000 saying that Linux is going to become fragmented are going to make even more bucks in 2001 saying that Linux is going to hell because of all the consolidation.

    --
    If tits were wings it'd be flying around.
  4. Doesn't sound so promising... by Dancin_Santa · · Score: 3

    Turbolinux filed to go public in October, hoping to raise about $60 million. In the meantime, it laid off some of its staff and raised $30 million to keep operations going.

    Linuxcare filed for an IPO but postponed it amid layoffs, the departure of chief executive Fernand Sarrat, and other problems. To keep the company running, Linuxcare closed a $30 million round of funding in August.

    So we have two money-hemorraging Linux companies mergine to create a larger money-hemorraging Linux company. Sounds like quite the loser combination to me.

    I imagine that it this stage of the game, though, neither company has much choice in potential mates.

    Dancin Santa