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PC Week: Caldera secures funding in advance of IPO

Jan 10, 2000, 16:02 (0 Talkback[s])
(Other stories by Scott Berinato)

"Investors will find out if Wall Street remains bullish on Linux as Caldera Systems Inc. gets set for its initial public offering -- possibly as early as this week, according to sources."

"Caldera, of Orem, Utah, will also announce today it has secured about $30 million in additional funding, the sources said, from the likes of Sun Microsystems Inc., Novell Inc. and other major technology companies."

"Caldera, which offers the OpenLinux distribution of the Linux kernel, recently broadened its product portfolio to include services and some Linux application packages. The company is also working in the area of embedded Linux for devices with its sister firm Lineo."

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