Linus Torvalds to become the Linux Foundation, under whose auspices he continues to work. In June 2004, Torvalds and his family moved to Dunthorpe, Oregon, to be closer to the OSDL's Beaverton, Oregon-based headquarters. From 1997 to 1999, he was involved in 86open helping to choose the standard binary format for Linux and Unix. In 1999, he was named by the "MIT Technology Review" TR100 as one of the world's top 100 innovators under age 35. In 1999, Red Hat and VA Linux, both leading developers of Linux-based software, presented Torvalds with stock options in gratitude for his creation. That same year
EPOC (operating system) system to drive their next generation of devices. First, however, they needed to engineer a 16-bit single-board computer—something that was extremely difficult at the time. They codenamed the project "SIBO", for "single-board organiser" or "sixteen-bit organiser". To develop the SIBO hardware and software, they needed samples of the 16-bit microprocessors they would be programming; but it took more than a year to secure the chips, which caused a significant delay. By 1987, development of EPOC was underway: It was a single-user, preemptive multitasking operating system designed to run in read-only memory (ROM). The operating system and its programmes were written