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Lindows gives up on IPO
Lindows has sent out a press release stating that it has put its initial public offering process on hold for now. "'Lindows won't be forced into a cut-rate IPO by a fickle stock market. We
are fortunate to have cash in the bank, and we owe it to our stockholders to
wait until market conditions and public company valuations improve before we
proceed with a public offering,' said Michael Robertson, chairman and chief
executive officer of Lindows, Inc." That $20 million from Microsoft sure came in at the right time.
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Lindows gives up on IPO Posted Aug 18, 2004 19:23 UTC (Wed) by rjamestaylor (guest, #339) [Link] Based upon earlier stories reagrding the IPO seen on these pages, could the phrase "we owe it to our stockholders" be more accurately expressed as "we owe it to me"?(I wish all the best to Lindows[ESC]4hRspire. I'm a subscriber for my wife's home system.)
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