Lindows shelves going public

Lindows shelves going public

Lindows, the Linux-based software developer best known for its legal battles with Microsoft, has indefinitely shelved its plans to become a publicly traded company because of "current adverse market conditions," it has announced.

Lindows had not withdrawn its registration statement with the US Securities and Exchange Commission and hoped to proceed with the IPO once market conditions and public company valuations improve, the company said. Founded in July 2001, the desktop Linux specialist shipped its first product in January 2002 but has been renowned primarily for its two-and-a-half-year trademark dispute with Microsoft over the similarity of the LindowsOS product name to Windows.

In July, Lindows agreed to change its legal name to Linspire by September 14 and to end the use of the Lindows name in its products in exchange for $US20 million from Microsoft.

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