Friday, August 20, 2004
Lindows Delays IPO
In the latest setback for IPO hopeful tech companies, San Diego-based Lindows (www.lindows.com) has indefinately postponed its IPO. According to a statement released by the company, it is postponing but not withdrawing its IPO, due to current adverse market conditions. The company said that it may proceed with a public offering at a later date as it monitors market conditions. The Lindows delay comes on the heels of IPO withdrawals from La Jolla-based Active Network, Beverly Hills-based MatchNet, and share price reductions from San Diego-based WebSideStory. Lindows provides a Windows-like user interface to the Linux operating system, and recently resolved a number of lawsuits with tech giant Microsoft over its Linspire product.