The Linuxcare brand was repurchased by Arthur Tyde and incorporated as an LLC by Dr. Scott S. Elliott and his partners in the state of California.
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On May 8, 2001, Seth Schoen announced that the original three developers of the Linuxcare Bootable Toolbox had left Linuxcare to fork the project into a new community project, named LNX-BBC.
The first version of the LNX-BBC that was independent from Linuxcare was 1.618 (a number suggested by team member Seth Schoen, an approximation of the golden ratio, or phi (φ), and a tribute to Donald Knuth who uses successively more precise approximations of π for versioning his TeX typesetting system).
The enterprise was staffed with former employees of Apple, Netscape, Be Inc., Linuxcare, Microsoft, Red Hat and Sun Microsystems, among others.