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Lindows halts stock release

Linux supplier Lindows has announced it has called a halt to the initial public offering of its common stock after filing for registration in April.

However, rather than withdraw the offering completely, Lindows "may proceed with a public offering at a later date," it said.

It is thought that Lindows is finding that selling desktop Linux is harder than initially thought. At the recent LinuxWorld Conference, Prudential described Linux desktops as "most suited to organisations not tied to heavy external client documents that do not rely on Microsoft products and file formats, or who predominantly use web-based or Java apps.

"For enterprises to adopt desktop Linux, they need their common applications to be supported on Linux. Support must be technical enough for the IT department and basic enough for end-users. It is not enough to simply get an application to run on Linux."

Lindows is just three years old and it still makes a loss - £2.2m last year. Chief executive Michael Robertson was nonetheless expecting to raise as much as £26.5m from the planned initial public offering. Earlier this month he lowered the bar and the maximum Robertson could have expected was £21.6m. He has now decided that even that new price range will probably not be achieved.

Lindows won't be forced into a "cut-rate inital public offering," Robertson said.


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