May 1, 2001

Turbolinux-Linuxcare merger dies?

Author: JT Smith

Linuxgram is reporting that the Turbolinux-Linuxcare merger has collapsed, with the news announced internally Monday.

"The merger's failure is going to cost Linuxcare a 'significant reduction in staff,' according to its CEO Art Tyde.

Tyde put the expected losses at 25%-30%. He said the cuts would not be immediate. Linuxcare is waiting on
further 'analysis' of its evolving business plan to scale back."

Category:

  • Open Source
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