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Linux Business Security

TSL Is Dead, Long Live TSL 107

Masta writes "Trustix AS, the company behind Trustix Secure Linux filed for bankruptcy on monday. Erlend Midttun and Christian Toldnes, two former employees of Trustix AS and the main developers behind Trustix Secure Linux, founded a new company, named Tawie Technologies AS. They continue the work on TSL, under the new name Tawie Server Linux. All former volunteers and contributors declared their support for the new distribution, so 'TSL is dead, long live TSL.'"
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TSL Is Dead, Long Live TSL

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  • by Anonymous Coward on Wednesday October 01, 2003 @08:48AM (#7102557)
    Its good to see Open Source show its strengths like this. In any other development model, TSL would have died and been sold off in small peices, no longer much use to anyone. TSL is a valuable player in the Linux distribution markets, and many people would be sad to see it go, not to mention, unable to find a suitable replacement! For those that do not know, TSL has a large range of innovative features, many of them innovative even in the Linux market space where innovation is always abundent (Just look at KDE, or Gnome!)

    However, one thing still bothers me. Apparently, it is O.K to spend cash like water, rip of your creditors and declare bankruptcy, and then just do a little paperwork and carry on as before? These people have no shame, and the "volunteers" who continue to support these shucksters are fools for trusting a bunch of people who are demonstrated themselves to be crooks. The Government should investigate this immediatly, and freeze the assests of this so-called "new" company until the previous creditors have been paid off in full. Personally I feel it is high time we brough back debtors prison for amoralistic scam artists such as these.
  • bubble burst. (Score:2, Insightful)

    by GISGEOLOGYGEEK ( 708023 ) on Wednesday October 01, 2003 @11:14AM (#7103631)
    soo Linux companies can be scummy shady outfits too it seems.

    Obviously their business plan failed, they stuck all the debt and liability with the old company while putting all the assets into the new company and sank the debt into bankrupcy.

    look for the new company to be wallowing in debt struggling to survive in a year or two due to the same people making the same mistakes again.

    investors should avoid this company like the plague, when times get hard they will just abandon you again.

He has not acquired a fortune; the fortune has acquired him. -- Bion

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