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Linuxcare Inc

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BUSINESS
April 8, 2000
* Linuxcare Inc., which provides technical support and services for Linux software, said that Chief Executive Fernand Sarrat resigned and that the company will postpone its initial public offering. The company didn't give a reason for Sarrat's departure. He had been chief executive and president since May. Linuxcare said it named four people to jointly lead the company. The office of the chief executive will be headed by Pat Lambs, previously vice president of service delivery.
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BUSINESS
May 2, 2000 | Bloomberg News; Reuters
Everyone's glass appears to be half full on this one. Shares of Red Hat Inc. (ticker symbol: RHAT), VA Linux Systems Inc. (LNUX) and Corel Corp. (CORL) gained Monday on expectations that the software makers' sales could increase if rival Microsoft Corp. (MSFT) is split into two companies. Microsoft rallied too, as some analysts said a breakup of the world's largest software maker would be good for investors, giving them stakes in two formidable companies. VA Linux rocketed $18.
BUSINESS
January 22, 2000 | CHARLES PILLER, TIMES STAFF WRITER
Linuxcare Inc., expected to be the next monster company based on the Linux operating system, filed for its initial public stock offering Thursday, with hopes of raising $92 million on the heels of the $32.5 million it raised in its second round of private financing last month. The move came despite skittishness among investors toward companies based on the "open source" software program, which is available free and supported by thousands of volunteer programmers.
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