"LinuxOne" files for an IPO

ColPanek writes "Surprise: The newest planned Linux-related IPO is not VA Linux Systems or LinuxCare, but a company called LinuxOne, which apparently has been shipping its own distro since way back in September 1999 ... This summary of their preliminary prospectus says LinuxOne didn't disclose any underwriters for the proposed offering."

Comments

Let's see...

[mrsam]

... Company has existed since March, 1999.

... Their web site is a total joke.

... Their web server is a stock Red Hat Linux box. They don't even serve their pages off their own alleged Linux distribution.

... Despite their claim of being a US company, linuxone.com is registered to some outfit in Austria.

... Despite their so-called "free download", they will ask people for $9.95.

... Their order page is a ... BWAAAAAAHAHAHAHA ... a formmail CGI script. I'll bet a lot of people are perfectly comfortable sending their credit card number over the Internet in clear text.

If this isn't a big joke, I don't know what is.
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Founder seems kind of shady

[pluteus_larva]

The sad opening to the LinuxOne page (once you can finally connect) was written by Dr. Wun C. Chiou, the founder. He also founded a company now known as NetUSA, whose stock is currently hovering around zero.

This sounds like a baaaaaad investment to me...