Slashdot Mirror
Turbolinux Pulls IPO
jeffersonebell writes "Today Turbolinux becomes the latest software company to pull its IPO.
Story is here. They sight "current market conditions" as the major reason behind the move." I suspect that most people had figured this would be the case - now isn't the ideal time for an IPO.
They don't sight. they "cite".
Moderators: I don't give a fuck if you moderate me down. I'd rather be correct.
Hell, now isn't a good time to work for a potential Chapter 11 company. The stock options that used to entice people into employment are now meaningless, since the companies have stock values so low (or, like Turbolinux, can't even make an IPO). Everyone's watching FC right now, and the companies can barely keep any bad news held within the walls of their buildings.
This recession isn't just about plunging stock values. It's about the loss of trust between companies and their employees.
"Ancillary does not mean you get to rule the world." --U.S. Circuit Judge Harry Edwards, speaking to the FCC's lawyer
Analyst: Due to the fed's refusal to cut the rate down to .002%, no one should invest in the market until they do. The entire country's financial wellbeing depends entirely on the Dow-Jones Industrial Average and the NASDAQ, so you should listen to everything I say and take it as god given blah blah blah blah blah blah....
Me: Welcome to the real world, Chester, where the stock market is a reflection of the current economy and not its primary driving factor as has been widely seen as the case due to all the dot.com millionaires. You don't think these guys got rich by making and selling a product or service, do you?
It's GOOD that they've decided to pull their IPO and concentrate on building their business through what could end up being a rough economy. This indicates sound thinking and a desire for their business to survive rather than a hot-headed lust for bottom-line profit.
If you're really interested in making money off of a privately-held Linux company, approach them privately and not through a broker. Tell them that you've been watching their company and are impressed by their performance. Tell them that you'd like to become and investor. Sink some money into them and sit back for a while that money is wisely spent, in the case of a company like TurboLinux, who is actually turning a profit.
Down the line, you'll see the long-term benifits over trading public stock.
IANAA (I am not an accountant.)
The next Slashdot story will be ready soon, but subscribers can beat the rush and slashdot the links early!
It's not a combination, it's roughly a cause and effect.
As energy prices go up, their burden on the economy increases, and the economy tanks.
Remember the gas crunch of the early 70's, followed by 70's stagflation?
Remember the Iraqi's taking over Kuwait and the mini-recession of 1990-1991?
Of course, all the SUV's on the road are not helping things.
And a President and Vice-President with serious ties to oil and energy companies have far too much of a vested interest in raising oil prices. The companies that are going to do well in this recession are the oil companies.
Finally, wanna guess how much oil is used to generate California electricity? Very little, it's mostly natural gas, some nuclear, some hydro and some wind. California energy consumption is about where it normally is, the utilities are just scamming you all by taking power plants offline.
I mean, seriously, to post about a Linux company's troubles is like to post an article about the sun coming up in the morning. Let's talk about something new.
As far as Safari goes, is it possible that I just missed the article on it? I can't believe that Slashdot wouldn't mention something this big. If you haven't seen it yet, it's O'Reilly's plan (they've already started) to put all their books online and offer different subscription plans to use them (links: "Safari itself, and about the design of Safari). There are so many things to discuss about this approach (which seems pretty innovative), from simply whether or not it will work. I'm definitely interested and almost signed up for it last night. Anybody taken the plunge yet? (The lowest plan is $9.95/month, if you don't feel like checking out the link.)
And whether you like it or not, HailStorm could change everything from the way that we know it. The fact that AOL and Sun were courting government officials for breakfast to talk about new anti-trust action two days before Microsoft even announced this should tell you how seriously they're taking it. There's a ton of different angles that it could be talked about, whether it's positive, negative, or how other organizations could work with it or duplicate it, but I guess Slashdot is waiting for an appropriately negative article about it before they mention it. ;)
Cheers,