Investor woes plague TurboLinux (ZDNet) [LWN.net]

ZDNet reports on the somewhat overstated TurboLinux financial troubles. "Last week, reports circulated that Turbolinux had been forced to close its doors following the last-minute withdrawal of a key investor from a round of financing. On Friday, in a statement issued to the industry newsletter Linux Today, the company confirmed the investor pullout, but said that the damage would be limited to its US operations. "The result is that we have had to take immediate action to restructure our US operations," said Turbolinux president and chief executive Ly-thong Pham in the statement. The company has already reduced its US staff as of 15 July. However, Pham said the company would continue operating, even in the US."

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