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LinuxCare Submits Updated S-1 Filing Print E-mail
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Source: FreeEdgar - Posted by LinuxSecurity.com Team   
Vendors/Products As found on LWN, "Linuxcare has submitted an amended S-1 (IPO) filing (warning: 640K of legalese). Added details include that they will be offering 4.5 million shares at $13-15 each; there will be 30 million shares outstanding overall. Thus they . . . As found on LWN, "Linuxcare has submitted an amended S-1 (IPO) filing (warning: 640K of legalese). Added details include that they will be offering 4.5 million shares at $13-15 each; there will be 30 million shares outstanding overall. Thus they are selling 1/7 of the company, a slightly larger piece than one sometimes sees with these high-tech IPOs. The financial figures are updated through the end of 1999; the total revenue is $1.5 million, a threefold increase over their performance through September (which was on the initial S-1). Their losses exceed $21 million. Their top three customers (Motorola, Sun, SGI) provide 55% of their income. Read the filing for lots more..."

Read this full article at FreeEdgar

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