LynuxWorks this week become the second embedded Linux company to file plans for an initial public offering (IPO) with the US Securities and Exchange Commission (SEC). According to the LynuxWorks filing, the company hopes to raise about $70M through the IPO. CNET's Stephen Shankland offers some perspective on LynuxWork's announcement . . .
“LynuxWorks changed its name from Lynx Real-Time Systems to emphasize its embrace of Linux, but the company continues to sell its proprietary embedded operating system, Lynx, and has yet to make any significant money off Linux. Embedded operating systems are used to run all manner of devices, from computer networking equipment and airplane radar systems to handheld computers and cell phones.”
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