Linked by Thom Holwerda on Tue 1st Jul 2008 19:06 UTC
Yesterday we reported on rumours that Xandros would acquire Linspire. The official press release won't go out until tomorrow, but Xandros CEO Andreas Typaldos answered a set of questions about the acquisition, so read on for an inside scoop on the Xandros-Linspire acquisition and what it means for both companies.
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Member since:
2005-07-24
A: All of the engineering, support, and key sales staff have been retained, apart from a small number of administrative and related resources, given redundancy with Xandros in a number of such areas.
Translation: Expect many angry blog entries to be posted as news stories.
A: Yes, Larry Kettler will be joining our executive management team as VP of Business Development.
Translation: Expect many self-congratulatory press releases written in market-speak to be posted as news stories.
A: Like many private commercial transactions, the financial terms of the agreement are not being disclosed.
Translation: When we submitted the news to Forbes and Business Week they didn't care. So we are looking for a news forum which does.
My advice, humbly offered: Keep looking.
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Edit: Sincere apologies for the poor subject line. I wish the forum would warn when one posts without providing a title.
Edited 2008-07-01 21:20 UTC