...is the source of an article which I've excerpted
below. Are any of the Linuxcare folks in the GNHLUG
willing/able to comment on the CEO gossip?
>Linux in the market limelight
> Open Season
> April 17, 2000
> by Sam Williams
>
> Say what you will about the socialist undertones of the open source/free
> software movement, but it was the market side of Linux that drew the
> most attention this week.
>
> Less than a week after some financial observers predicted a "Linux
> bounce" in the wake of Judge Thomas Penfield Jackson's April 3 ruling
> against Microsoft Corp. (MSFT), publicly owned Linux companies were,
> in fact, leading the Nasdaq retreat.
>
> Linux losers VA Linux, (LNUX) the media darling that soared to record
> heights on its Dec. 9, 1999 IPO, dipped below its original $30 IPO price
> at the end of Friday's trading. Caldera (CALD) and Andover.net (ANDN),
> two other recent IPOs, were also trading below their opening price.
>
> Leading Linux distributor Red Hat (RHAT) didn't fare much better.
> Factoring in a January 2-for-1 split, the company was still trading
> above its Aug. 11, 1999, opening, but was losing ground just as fast,
> dropping 13 percent on Friday alone.
>
> Such troubles paled in comparison to Linuxcare, however, the Kleiner
> Perkins-backed startup which sent a buzz through the Linux world last
> Friday when it bade farewell to chief executive officer Fernand Sarrat
> and pulled its already-delayed IPO.
>
> By midweek, rumors were already surfacing that Sarrat's departure had
> less to do with inhouse power struggles and more to do with improper
> behavior. Sarrat, for his part, has denied the rumors. Linuxcare
> founder Art Tyde, meanwhile, attempted to reassure investors that all
> was well at the San Francisco-based company and that IPO plans would
> be back on track shortly.
>
> Asked whether or not the bloom was off the Linux rose, Tyde responded,
> "I still think this is a very exciting space."
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