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Lindows/Linspire Inches Closer to IPO.(initial public offerings)(Brief Article)
Desktop Linux vendor Lindows Inc is inching closer to its proposed initial public offering but is now expecting to raise between $39.6m and $48.4m, rather than the $57.5m it originally expected.
The San Diego, California-based company has confirmed that it is set to change its corporate name to Linspire following the settlement of a trademark infringement case with Microsoft Corp but is pushing ahead with the IPO after just three years in business.
Lindows/Linspire has not yet put a date on the offering but now says it will offer 4.4 million shares at between $9 and $11, raising between $39.6m and $48.4m, rather than the $57.5m it originally expected in April.
While the proposed IPO will raise less than expected, the company will have more funds available following its $20m settlement with Microsoft. Lindows intends to use some of the funds from the settlement to clear a debt of $10.4m owed to its founder and CEO, Michael Robertson.
...- Lindows Postpones Initial Public Offering.
- Press release article from: PR Newswire August 18, 2004 700+ words
...Aug. 18 /PRNewswire/ -- Lindows, Inc. today announced that...postpone the previously announced initial public offering of its common stock...and has not been withdrawn. Lindows will continue to evaluate...offering at a later date. "Lindows won't be forced into a cut...
- Lindows, Inc. Files Registration Statement for Initial Public Offering.
- Press release article from: PR Newswire April 20, 2004 700+ words
...April 20 /PRNewswire/ -- Lindows, Inc. announced today that...Exchange Commission for the initial public offering of its common stock...telephone (949) 720-5700. Lindows, Inc. is a developer and...please contact: Chad Olson Lindows, Inc. 858-587-6700...
- Lindows Plans to Raise $57m from IPO.(initial public offerings)
- News wire article from: Computergram International April 22, 2004 700+ words
Linux distributor Lindows Inc has filed with the...raise $57.5m from an initial public offering despite being...Livedoor brought in 11% of Lindows' net revenue in 2003...injunction in the US, Lindows has been less successful...
- Market Spits Out Lindows IPO.(Initial public offerings)
- Newspaper article from: Linux Gram August 23, 2004 700+ words
...After cutting the price of its IPO twice, Lindows, the unprofitable desktop Linux start...the wolf from the door. According to Lindows founder Michael Robertson, "We are fortunate...himself, his wife's family trust and some Lindows insiders. Based on a last-gasp, bottom...
- Lindows Abandons IPO Auction Scheme.(initial public offerings)(Brief Article)
- Newspaper article from: Client Server News August 2, 2004 700+ words
Lindows has dumped its plans to IPO by auction a la Google...that was still the plan when we wrote last week that Lindows had priced its stock at between $9 and $11. Au contraire. Lindows VP of marketing Kevin La Rue wrote to say that WR...
- Lindows to change name, get $20 million from Microsoft.
- Newspaper article from: Knight Ridder/Tribune Business News July 20, 2004 700+ words
...Jul. 20--SAN DIEGO -- Lindows Inc. said Monday that it has...settlement eases the way for Lindows' proposed initial public stock offering. The settlement...were disclosed in a document Lindows filed Monday with the Securities...
- Lindows ends name battle with Microsoft--for $20 million.(Brief Article)
- Magazine article from: San Diego Business Journal Graves, Brad July 26, 2004 700+ words
...2 1/2-year right over Lindows' name, the companies announced...last week. The move comes as Lindows, a San Diego software company...lines up on the runway for its initial public offering. The University...succeeded in challenging the Lindows name in Europe. A Lindows...
- Lindows goes IPO route.
- Newspaper article from: The Daily Deal July 20, 2004 700+ words
Byline: David Shabelman Lindows Inc. doesn't do Windows...computer operating system. Lindows, which makes Linux-based...48 million in a planned initial public offering. It plans to sell...a new regulatory filing. Lindows is moving ahead with its IPO...
- To settle suit, Lindows drops provocative name.
- News wire article from: The America's Intelligence Wire July 19, 2004 700+ words
...infringement suits against Lindows Inc. with a $20 million...were disclosed in documents Lindows filed Monday with the Securities...Commission as part of plans for an initial public offering. In a statement...abroad. "We are pleased that Lindows will now compete in the market...
- Microsoft Settles Lawsuit Against Lindows.
- News wire article from: The America's Intelligence Wire July 19, 2004 700+ words
...infringement suits against Lindows Inc. with a $20 million...were disclosed in documents Lindows filed Monday with the Securities...Commission as part of plans for an initial public offering. In a statement...abroad. "We are pleased that Lindows will now compete in the market...
Source: HighBeam Research, Lindows/Linspire Inches Closer to IPO.(initial public...