We've heard rumors that
Linuxcare's upcoming IPO has been shelved for now, and
that Linuxcare's CEO and CIO have been removed. This comes right after the roadshow was delayed, which now appears to be cancelled. At this time, I haven't heard back from Linuxcare, so haven't heard their side of the story. However, several reliable sources have said that there've been "irregularities" in revenue recognition, something that the linked article also touches on.
Update: 04/07 11:22 by
H :I've talked with Art Tyde, Founder of LinuxCare. He confirms that the IPO has been delayed - but that they believe an IPO is in their future. He also did confirm that the CEO, Ferdinand Sarrat, has parted ways with Linuxcare, but that the CIO has remained onboard, and that the management team remains committed to the values of the community and what the company was founded on.