NetComm gets stake in IPO-destined Lineo

NetComm acquired an undisclosed stake in Lineo by default, following the acquisition of Moreton Bay, a Brisbane Linux developer, by Lineo earlier this year. NetComm had a 20 per cent stake and business relationship with Moreton Bay, effective from December last year.

As part of Lineo's acquisition of Moreton Bay, NetComm has exchanged its share holding in Moreton Bay for a stake in Lineo.

According to NetComm chairman Thomas Girgensohn, the investment is worth around $2 million at this time and is the "only significant" shareholder investment that NetComm holds in another company. It is also NetComm's only Linux investment. NetComm's original investment in Moreton Bay was $1 million.

Girgensohn said that NetComm expects the investment in Lineo to further increase in value when the company lists in the next three months.

According to Girgensohn, as part of its agreement with Moreton Bay, NetComm uses Moreton Bay technology in its products.

"We design and manufacturer products ourselves using Moreton Bay Technology . . . we're more modem-related. We're not selling Linux software," he said.

At this stage, NetComm is not interested in Linux as a main line of business; however, "it could complete our range of product", he said.

NetComm's original decision to invest in Moreton Bay was based on the explosive potential of Linux, officials said.

Meanwhile, Moreton Bay's offices in Brisbane are in the process of changing company names to Lineo, following the completion of the acquisition in May.

Company executives were unable to discuss the integration and future plans for the organisation, which now becomes Lineo's Australian arm. The company is in "a silent period" following the announcement of a planned IPO.

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.
Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Luisa Bustos

PC World
Show Comments

Cool Tech

Toys for Boys

Family Friendly

Stocking Stuffer

SmartLens - Clip on Phone Camera Lens Set of 3

Learn more >

Christmas Gift Guide

Click for more ›

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Aysha Strobbe

Microsoft Office 365/HP Spectre x360

Microsoft Office continues to make a student’s life that little bit easier by offering reliable, easy to use, time-saving functionality, while continuing to develop new features that further enhance what is already a formidable collection of applications

Michael Hargreaves

Microsoft Office 365/Dell XPS 15 2-in-1

I’d recommend a Dell XPS 15 2-in-1 and the new Windows 10 to anyone who needs to get serious work done (before you kick back on your couch with your favourite Netflix show.)

Maryellen Rose George

Brother PT-P750W

It’s useful for office tasks as well as pragmatic labelling of equipment and storage – just don’t get too excited and label everything in sight!

Cathy Giles

Brother MFC-L8900CDW

The Brother MFC-L8900CDW is an absolute stand out. I struggle to fault it.

Luke Hill

MSI GT75 TITAN

I need power and lots of it. As a Front End Web developer anything less just won’t cut it which is why the MSI GT75 is an outstanding laptop for me. It’s a sleek and futuristic looking, high quality, beast that has a touch of sci-fi flare about it.

Emily Tyson

MSI GE63 Raider

If you’re looking to invest in your next work horse laptop for work or home use, you can’t go wrong with the MSI GE63.

Featured Content

Product Launch Showcase

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?