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.

Comments

nope.

[cswiii]

They don't sight. they "cite".

Moderators: I don't give a fuck if you moderate me down. I'd rather be correct.

It's the end of the world!

[Bonker]

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.)