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Michael Robertson Sued Over Missing Linspire Cash

Posted by ScuttleMonkey on from the transparency-whether-you-like-it-or-not dept.

An anonymous reader writes "Blogger and ex-Linspire CEO Kevin Carmony reports that Michael Robertson has been sued by a Linspire shareholder to get to the bottom of what happened to Linspire's assets. One hundred shareholders have been left uninformed as to what happened to the company and its assets after Linspire was sold to Xandros a few months back."

2 of 65 comments (clear)

  1. I thought there wasn't much more to say... by AKAImBatman · · Score: 5, Informative

    ...other than the caption in the article, "Michael Robertson - Greedy, crook or just incompetent?"

    Then I found this earlier entry: http://kevincarmony.blogspot.com/search?updated-max=2008-07-12T08:40:00-07:00&max-results=7

    It gives details on the company's structure and what Roberts was doing to steal money from the company. Interesting stuff.

    --
    Javascript + Nintendo DSi = DSiCade
  2. Re:Ummm... by AKAImBatman · · Score: 5, Informative

    As I recall, Walmart shipped Linspire as the OEM OS for a while. Deals like that tend to infuse quite a bit of cash into a small company like Linspire. Michael Roberts might have you believe that they had hundreds of engineers pouring their souls into improving Windows compatibility, but that's most likely Roberts being Roberts. (Which is to say an extreme exaggerator at best, an outright liar at worst.) Their actual burn rate doesn't sound like it was all that high based on the descriptions of the company.

    --
    Javascript + Nintendo DSi = DSiCade