Lindows and Software IPO Silliness

Apparently hope springs eternal in software markets. Lindows has filed to do an IPO, projecting proceeds of $57.5-million. Company has trailing 12-month losses of $4.1 million on revenue of $2.1 million.

They are hoping to do a Dutch auction led by WR Hambrecht, and the company is saying that 20% of the proceeds (about $10-mm) will go to repay a loan from Lindows founder and Chairman Michael Robertson.

If this one flies then try throwing a brick out your window — because clearly anything can fly.