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Lindows Settles Microsoft Trademark Suit, Sets IPO Terms

Authored by Mark Hefflinger on July 20, 2004 - 5:02am.
Redmond, Wash. -- Lindows, the Linux-based operating system software firm headed by MP3.com founder Michael Robertson, announced that it has settled trademark infringement charges brought by Microsoft, developer of the Windows operating system. Under the terms, Microsoft, which sued Lindows for trademark infringement in late 2001, will pay Lindows $20 million to stop using the name "Lindows" in favor of "Linspire." "Over the next few months Lindows will cease using the term Lindows and transition to Linspire globally as our company name and primary identifier for our operating system product," said Lindows CEO Michael Robertson. Lindows also announced that it has filed for an initial public offering (IPO) of its shares, expecting to raise up to $48.4 million and see an initial market capitalization of around $206 million.
http://biz.yahoo.com/prnews/040719/sfm105_1.html
http://biz.yahoo.com/rf/040719/tech_lindows_ipo_4.html 
http://www.lindows.com

tags: Microsoft | Trademark | Lindows | IPO Terms |



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