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Canonical is not cash flow positive
cyberwiz
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10-29-2008 11:14 AM
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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/51293e38-4474-4363-923b-6b7f61d3e325/B3056190-6635-4C13-A466-8C5D8DE7E104/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://blog.internetnews.com/skerner/2008/10/canonical-is-not-cash-flow-pos.html" href="http://blog.internetnews.com/skerner/2008/10/canonical-is-not-cash-flow-pos.html" style="font-size: 11px;">blog.internetnews.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blog.internetnews.com/skerner/2008/10/canonical-is-not-cash-flow-pos.html"><div align="center"><img src="http://content7.clipmarks.com/blog_cache/blog.internetnews.com/img/3D5035CC-9EF8-4BC9-98C5-50BB87806EF7" alt="ubuntulogo.png" /></div></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blog.internetnews.com/skerner/2008/10/canonical-is-not-cash-flow-pos.html">Ubuntu Founder Mark Shuttleworth admitted today his company is not cash flow positive. That's despite the fact that Chris Kenyon, director of business development at Canonical <A href="http://www.internetnews.com/software/article.php/3780651/Ubuntu+Linux+8+Million+Users+and+Growing.htm">told me </A>that Canonical has 8 million users and growing revenues. On a conference call with press and analysts today, Shuttleworth said some really amazing things about his business and it's lack of currently profitability and his view that the money isn't on the Linux desktop.<BR /><BLOCKQUOTE><B>"Canonical is not Cash positive," Shuttleworth said. " I think we could be cash positive if we focus on the core and scaled back."<BR /></B></BLOCKQUOTE></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blog.internetnews.com/skerner/2008/10/canonical-is-not-cash-flow-pos.html">Shuttleworth added that he expect Canonical will require another three to five years worth of funding.<BR /><BLOCKQUOTE><B>"We continue to require investment and I keep being careful with my pennies making those investments, " Shuttleworth said.</B></BLOCKQUOTE></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blog.internetnews.com/skerner/2008/10/canonical-is-not-cash-flow-pos.html">We can't make money selling the desktop that's why we focused on a zero licensing cost business model," Shuttleworth said. "The only way to build a business on Linux is to focus on services</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/B3056190-6635-4C13-A466-8C5D8DE7E104/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>
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