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Red Herring: IPO Critic: Will Caldera collapse the Linux volcano?Mar 10, 2000, 16:16 (1 Talkback[s])
"Next week, Wall Street crapshooters will decide how much hot air is left in the Linux balloon. Caldera Systems (proposed Nasdaq symbol: CALD), a vendor of the Linux operating system whose products are used mainly on Web servers, plans to sell about $40 million's worth of stock to the public around March 17. The initial public offering (IPO), underwritten by Robertson Stephens, is expected to be priced at about $8 a share. It is currently getting a Red Hot reading on our IPO calendar. If the initial public offering of 5 million shares follows the same trajectory as other Linux offerings, watch out."
"All four of the recently public Linux contenders have meager revenues and large losses. Some are growing rapidly on a percentage basis, but not nearly fast enough to justify their post-market highs on Nasdaq."
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