I'm not certain why it doesn't work exactly. However, although the code validates, it looks very non-standard. A standard way to write something that would layout as your code does and that would work as expected in IE and other browsers is like so:
HTML Code:
<form action="mylink.php" style="display:inline;"><input type="submit" value="Link"></form>
I say a standard way as, even better would be to use a class designation for the form and select it in a stylesheet for display:inline, instead of declaring the style in the form tag.
The style:
Code:
.formlink {
display:inline;
}
The new code:
HTML Code:
<form action="mylink.php" class="formlink"><input type="submit" value="Link"></form>
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