SAN DIEGO, Aug. 18 /PRNewswire/ -- Lindows, Inc. today announced that it
has elected to postpone the previously announced initial public offering of
its common stock due to current adverse market conditions. The company's S-1
registration statement remains on file with the Securities and Exchange
Commission and has not been withdrawn. Lindows will continue to evaluate
market conditions and may proceed with a public offering at a later date.
"Lindows won't be forced into a cut-rate IPO by a fickle stock market. We
are fortunate to have cash in the bank, and we owe it to our stockholders to
wait until market conditions and public company valuations improve before we
proceed with a public offering," said Michael Robertson, chairman and chief
executive officer of Lindows, Inc.
A registration statement relating to these securities has been filed with
the Securities and Exchange Commission but has not yet become effective.
These securities may not be sold nor may offers to buy be accepted prior to
the time that the registration statement becomes effective. This news release
shall not constitute an offer to sell or the solicitation of an offer to buy
nor shall there be any sale of these securities in any state or jurisdiction
in which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such state or
For more information,
Kevin La Rue
858-587-6700 ext. 263
About Lindows, Inc.
Lindows, Inc. develops and markets Linspire, an affordable, full-featured
Linux-based operating system designed specifically for desktop and laptop
computers in homes, schools and businesses. Linspire uses innovative CNR
technology that allows the installation, updating and management of hundreds
of software programs with just one click. The Linspire operating system is
also offered in Spanish (www.linspire.com/espanol), Italian
(www.linspire.com/italiano) and Japanese (www.linspire.com/livedoor). Those
who are interested in becoming authorized resellers of Linspire should visit,
www.linspire.com/reseller, or www.linspire.com/builder if interested in
selling computers pre-loaded with Linspire.
Linspire is a trademark of Linspire, Inc., a Delaware Corporation.
Copyright (C) 2004 Linspire, Inc. All rights reserved.
SOURCE Lindows, Inc.